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Indiana Public Retirement System (INPRS) is a U.S.-based pension fund responsible for the pension assets for public employees in the state of Indiana.INPRS is among the largest 100 pension funds in the United States, with $47.961 billion in actuarial accrued liabilities and $34.479 billion in actuarial assets as of June 30, 2021.
The monthly pension benefit is determined by salary history, years of service, age, and the retirement option selected. TRF members become vested in the pension benefit after 10 years of qualified Indiana service. Members may purchase service credit for military service, out-of-state teaching, and qualified leaves of absence. [2]
In a message to employees, Holcomb acknowledged the "unprecedented" workforce challenges created by the COVID-19 pandemic. Pay for most Indiana state workers will increase by about 5% in 2022 Skip ...
pension insurance fee (työeläkevakuutusmaksu): employees [14] 17–68 years of age [15] pay a 7,15% fee [16] on their gross earned income [17] unemployment insurance fee ( työttömyysvakuutusmaksu ): employees 18–65 years of age [ 18 ] pay a 0.79% fee [ 19 ] on their gross earned income
Accrual accounting differs from cash-based accounting in two main dimensions: [3]: 116 [5]: 390–391 [2] (1) Recording government transactions: Under cash accounting, income and expenditure transactions are recorded when the associated cash is received or paid. By contrast, under accrual accounting, income and expenditure transactions are ...
The Indiana State Police is currently led by Superintendent Anthony M. Scott, whose position is appointed by the governor. His command staff includes a Chief of Staff who holds the rank of Colonel and six Assistant Chiefs of Staff, two of which hold the rank of Lieutenant Colonel, three holding the rank of Major, and one civilian employee.
The auditor of state, officially doing business as "the state comptroller", functions as the chief financial officer for the whole of state government. In terms of financial accounting, the auditor of state creates and operates the statewide accounting system, maintains a record of revenues, expenditures and balances by state fund, collects debts owed the state, and prepares various financial ...
Additionally, the treasurer is the vice-chairman of the Indiana Housing Finance Authority and the Indiana State Police Pension Fund. As a member of these boards, the treasurer has a wide range of influence on the state's financial management. [2] The treasurer is also the head of several of the most important state financial organizations.