Indiana Teachers Basics

  • Established 1921
  • Currently open to new hires
  • Plan covers teachers
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Indiana Teachers, 2001-2023

Fiscal Year Net Assets (billions)
2001 5.81
2002 5.72
2003 6.15
2004 6.75
2005 7.18
2006 7.79
2007 8.98
2008 8.56
2009 7.20
2010 8.14
2011 9.12
2012 9.08
2013 9.65
2014 10.69
2015 10.48
2016 10.40
2017 11.07
2018 9.16
2019 9.88
2020 9.99
2021 13.06
2022 12.61
2023 16.22

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2023

Fiscal Year Indiana Teachers US State and Local Pensions
2001 2.2 2.4
2002 2.2 2.3
2003 2.0 2.2
2004 2.0 2.1
2005 1.9 2.1
2006 1.8 2.0
2007 1.8 2.0
2008 1.8 1.9
2009 1.7 1.9
2010 1.6 1.8
2011 1.5 1.7
2012 1.4 1.6
2013 1.3 1.5
2014 1.3 1.4
2015 1.3 1.4
2016 1.2 1.4
2017 1.2 1.4
2018 1.2 1.3
2019 1.1 1.3
2020 1.1 1.3
2021 1.1 1.2
2022 1.1 1.2
2023 1.0 1.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Indiana Teachers, 2001-2023

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 20.8 0.0 5.9 16.5
2002 15.7 0.0 5.6 14.9
2003 16.8 0.0 6.3 16.0
2004 12.0 5.5 7.8 17.5
2005 13.0 3.6 9.5 16.6
2006 18.4 0.0 10.5 17.7
2007 17.6 0.0 11.4 17.4
2008 18.6 0.0 11.9 18.4
2009 19.7 0.0 12.1 18.9
2010 20.5 1.5 14.7 22.1
2011 21.4 3.1 16.7 24.6
2012 22.3 2.2 17.7 24.6
2013 29.0 0.0 19.0 25.2
2014 24.1 0.7 19.8 24.8
2015 27.7 0.0 20.3 27.0
2016 28.6 0.0 20.4 27.7
2017 28.0 0.0 20.5 27.3
2018 29.3 0.0 20.9 28.6
2019 33.4 0.0 21.3 29.3
2020 27.9 0.0 20.5 27.3
2021 44.1 0.0 21.5 43.0
2022 39.3 0.0 21.6 38.4
2023 94.9 0.0 23.0 94.9

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Indiana Teachers, 2001-2023

Fiscal Year Indiana Teachers National Data
2001 43.0 101.7
2002 42.1 94.6
2003 44.4 88.8
2004 44.8 87.0
2005 43.4 85.4
2006 44.3 85.2
2007 45.1 86.3
2008 48.2 84.4
2009 41.9 78.4
2010 44.3 75.7
2011 43.8 74.3
2012 42.7 72.3
2013 45.7 71.8
2014 48.1 73.2
2015 46.4 73.2
2016 46.8 71.6
2017 48.1 72.0
2018 45.7 72.4
2019 47.9 72.5
2020 49.9 72.6
2021 53.6 75.8
2022 58.5 76.2
2023 75.0 74.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Indiana Teachers, 2023

Category Percent
Equities 17.8
Fixed Income 29.0
Private Equity 14.3
Real Estate 7.1
Cash 0.1
Other 0.0
Commodities 8.1
Hedge Fund 23.6
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2023

Category Percent
Equities 42.2
Fixed Income 20.5
Private Equity 14.0
Real Estate 10.5
Cash 1.8
Other 0.1
Commodities 2.7
Hedge Fund 6.6
Misc. Alternatives 1.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Indiana Teachers, 2001-2023

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 42.6 57.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2002 44.9 55.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0
2003 45.1 54.6 0.3 0.0 0.0 0.0 0.0 0.0 0.0
2004 79.9 19.3 0.8 0.0 0.0 0.0 0.0 0.0 0.0
2005 58.4 40.6 1.0 0.0 0.0 0.0 0.0 0.0 0.0
2006 53.3 40.4 1.6 2.0 0.0 0.0 0.0 2.7 0.0
2007 56.3 36.1 2.3 2.7 0.0 0.0 0.0 2.6 0.0
2008 60.3 23.4 5.7 5.9 0.0 0.0 0.0 4.7 0.0
2009 52.4 29.8 7.2 5.5 0.0 0.0 0.7 4.4 0.0
2010 34.6 42.8 8.4 3.9 0.0 0.0 1.0 9.3 0.0
2011 39.1 35.9 9.4 4.1 0.0 0.0 1.2 10.3 0.0
2012 25.2 35.6 13.3 4.7 0.0 0.0 7.9 13.3 0.0
2013 24.2 32.0 13.0 5.3 0.0 0.0 7.3 18.2 0.0
2014 23.6 31.5 12.7 5.4 0.0 0.0 7.8 18.9 0.0
2015 22.4 31.6 12.9 6.2 0.0 0.0 7.5 19.4 0.0
2016 22.3 28.5 13.3 6.6 1.7 0.0 7.4 20.2 0.0
2017 23.6 27.4 12.7 6.5 1.2 0.0 7.9 20.7 0.0
2018 22.1 27.2 12.2 6.1 1.1 0.0 9.0 22.3 0.0
2019 21.3 27.5 12.5 6.0 2.3 0.0 7.6 22.8 0.0
2020 21.8 26.7 12.2 6.8 1.9 0.0 6.6 24.0 0.0
2021 21.0 22.9 14.8 6.4 1.5 0.0 8.2 25.2 0.0
2022 15.6 28.8 15.0 7.2 0.3 0.0 8.3 24.9 0.0
2023 17.8 29.0 14.3 7.1 0.1 0.0 8.1 23.6 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Indiana Teachers, 2001-2023

Fiscal Year Indiana Teachers Assumed return
2001 0.83 7.50
2002 -3.80 7.50
2003 4.78 7.50
2004 15.07 7.50
2005 9.26 7.50
2006 11.43 7.50
2007 18.17 7.50
2008 -5.70 7.50
2009 -18.00 7.50
2010 14.30 7.00
2011 18.00 7.00
2012 0.70 6.75
2013 6.00 6.75
2014 13.73 6.75
2015 0.00 6.75
2016 1.19 6.75
2017 8.00 6.75
2018 9.30 6.75
2019 7.40 6.75
2020 2.60 6.75
2021 25.50 6.25
2022 -6.60 6.25
2023 2.50 6.25

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Indiana Teachers
2001-2023

Fiscal Year Cash Flow Assets
2001 199.6 5,810.8
2002 66.9 5,722.8
2003 82.8 6,148.0
2004 -121.0 6,754.3
2005 -140.3 7,179.7
2006 34.3 7,791.4
2007 -37.9 8,980.8
2008 -38.9 8,564.0
2009 21.1 7,199.1
2010 -29.4 8,140.8
2011 -205.2 9,121.7
2012 -220.0 9,077.1
2013 -12.1 9,648.9
2014 -204.1 10,691.3
2015 -288.2 10,479.0
2016 -197.6 10,398.8
2017 -195.4 11,069.7
2018 -199.4 9,163.7
2019 30.6 9,883.2
2020 -170.1 9,986.5
2021 454.4 13,062.2
2022 418.1 12,609.7
2023 3,107.0 16,219.4

Source: Public Plans Database

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Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.


Cash Flow as a Percentage of Assets
Indiana Teachers
2001-2023

Fiscal Year Indiana Teachers National Average
2001 3.4 -2.0
2002 1.2 -2.4
2003 1.3 -2.5
2004 -1.8 -1.8
2005 -2.0 -2.2
2006 0.4 -2.2
2007 -0.4 -2.0
2008 -0.5 -2.1
2009 0.3 -3.1
2010 -0.4 -3.2
2011 -2.3 -3.0
2012 -2.4 -3.2
2013 -0.1 -3.1
2014 -1.9 -2.9
2015 -2.8 -2.7
2016 -1.9 -2.9
2017 -1.8 -2.8
2018 -2.2 -2.4
2019 0.3 -2.4
2020 -1.7 -2.3
2021 3.5 -2.0
2022 3.3 -1.9
2023 19.2 -1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Indiana Teachers benefit descriptions.