A Supplemental Reserve Account (SRA) is a savings account that may take in contributions from the Hoosier Lottery, surcharges paid by employers and amounts from other sources to fund the cost-of-living adjustments (COLAs) and 13th checks for PERF, TRF, the EG&C Fund and LE DB Plan.

COLAs (cost of living adjustments) are permanent increases to your monthly pension benefit payment. The Indiana General Assembly with the INPRS Board of Trustees determines whether PERF, TRF, EG&C and LE DB retirees receive a COLA in any given year. INPRS then administers the COLA based on their direction.

To read more on the history and distribution of SRAs and COLAs, check out this Destination: Retirement article.