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Indiana Public Retirement System

Indiana Public Retirement System (INPRS) > Publications > Newsletters > 2015 Legislative Summary 2015 Legislative Summary

A number of INPRS-related legislative changes were approved by the 2015 Indiana General Assembly. Below is a brief summary of the legislation. You may e-mail inquiries to questions@inprs.in.gov or call (888) 286-3544 for more information.

HEA 1001

Members of the Public Employees’ Retirement Fund (PERF) and the Teachers’ Retirement Fund (TRF) will get a 13th check by Oct. 1, 2015. You must be retired or disabled on or before Dec. 1, 2014. And, you must qualify for a monthly benefit on July 1, 2015. The amount of the check will be based on your years of creditable service at retirement.

If you have:

  • at least five years, but less than 10 years (disability), you get $150
  • at least 10 years, but less than 20 years, you get $275
  • at least 20 years, but less than 30 years, you get $375
  • at least 30 years, you get $450

A survivor or beneficiary of the member may qualify for the check. The amount of the check will be split in equal shares if the member had two or more survivors or beneficiaries.

Members of the Excise, Gaming and Conservation Plan will get a 13th check by Oct. 1, 2015. You must be retired or disabled on or before Dec. 1, 2014. And, you must qualify for a monthly benefit on July 1, 2015. The amount of the check will be based on your years of creditable service at retirement.

If you have:

  • at least five years, but less than 10 years (disability), you get $125
  • at least 10 years, but less than 20 years, you get $235
  • at least 20 years, but less than 30 years, you get $325
  • at least 30 years, you get $400

A survivor or beneficiary of the member may qualify for the check.

Effective July 1, 2015

HEA 1080

Emergency medical service providers will get a special death benefit. Their death must be a direct result of carrying out their duties as a provider. This applies only to deaths after June 30, 2015. The employer must purchase coverage for each EMS provider at $100 per year.

Effective July 1, 2015

HEA 1109

The majority of INPRS members receive their monthly pension benefit by direct deposit. The INPRS is now able to look for other methods of payment to offer to members, in addition to direct deposit.

Effective July 1, 2015

HEA 1466

  • If an employer in the Public Employees’ Retirement Fund (PERF) stops enrolling new positions in the fund, they must pay their share of unfunded liabilities.
  • All PERF employers will have the option to offer the PERF ASA-Only option for retirement. They can offer the PERF ASA-Only plan in addition to or instead of the PERF Hybrid plan. PERF employers are not able to offer a retirement benefit other than PERF. Pre-existing defined contribution plans are exempt.
  • The Indiana Public Retirement System (INPRS) Board of Trustees sets the amount employers pay into the retirement plans. Actuaries recommend what percentage that should be. If the Board wants to set a rate different from what the actuaries recommend, they must tell the Committee on Pension Management Oversight.
  • If a member retires from the 1977 Police Officers’ and Firefighters’ Pension and Disability Fund (1977 Fund), there is no minimum period of separation before he or she can be hired into a PERF-covered position if he or she is age 55 or older. The PERF position must be with the same employer. So, these members will still be able to receive their 1977 Fund pension benefit while working in the PERF position. If he or she is younger than 55, he or she must separate from service for 30 days before returning to work.

Effective July 1, 2015

SEA 265

A member of the Public Employees’ Retirement Fund can purchase service credit for prior service in the 1977 Police Officers’ and Firefighters Pension and Disability Fund. The credit must be bought at full actuarial cost. An employer does have the option to pay some or all of the cost to buy the service credit.

Effective July 1, 2015


An actuary is a business professional who analyzes the financial costs of risk.