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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 ...
The Social Security tax is divided into 6.2% that is visible to employees (the "employee contribution") and 6.2% that is visible only to employers (the "employer's contribution"). For the years 2011 and 2012, the employee's contribution had been temporarily reduced to 4.2%, while the employer's portion remained at 6.2%, [ 38 ] but Congress ...
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 ...
The General Assembly meets annually at the Indiana State House in Indianapolis. Members of the General Assembly are elected from districts that are realigned every ten years. Representatives serve two-year terms; senators serve four-year terms. [1] Both houses must pass a bill before it can be submitted to the governor and enacted into law. [2]
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 ...
2 years, 1 month: Automobile accident Trooper Roy E. Jones: 07-03-1979 31 2 years, 8 months: Automobile accident Trooper Robert J. Lather II: 07-06-1982 30 7 years, 6 months: Vehicular assault Trooper Steven L. Bailey: 12-10-1983 29 5 years: Gunfire (Accidental) Sergeant John E. Hatfull: 04-13-1987 45 14 years, 2 months: Gunfire Master Trooper ...