The Indiana Public Retirement System was created in 2011 as a result of legislation that combined the Public Employees' Retirement Fund and the Teachers' Retirement Fund. The new PRS administers pension and other benefits for substantially all employees of state and local government in Indiana.
Indiana Public Employees Retirement System Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| Indiana PERF |
13,271.0 |
252,093 |
| Indiana Teachers |
9,883.2 |
137,504 |
| Other Plans |
7,135.8 |
22,690 |
| Total |
30,290.0 |
412,287 |
Source: Public Plans Database (as of 2019)
Note: Indiana Public Employees Retirement System has 5 other plans.
Assets
Assets at Year-End
Indiana Public Employees Retirement System
2001-2019
| Fiscal Year |
Net Assets (billions) |
| 2001 |
15.9 |
| 2002 |
15.4 |
| 2003 |
16.3 |
| 2004 |
18.6 |
| 2005 |
20.2 |
| 2006 |
22.1 |
| 2007 |
25.9 |
| 2008 |
24.1 |
| 2009 |
19.5 |
| 2010 |
22.1 |
| 2011 |
25.7 |
| 2012 |
25.5 |
| 2013 |
27.0 |
| 2014 |
30.2 |
| 2015 |
29.8 |
| 2016 |
29.8 |
| 2017 |
31.8 |
| 2018 |
28.5 |
| 2019 |
30.3 |
Membership
Ratio of Actives to Beneficiaries, 2001-2019
| Fiscal Year |
Indiana Public Employees Retirement System |
US State and Local Pensions |
| 2001 |
2.7 |
2.4 |
| 2002 |
2.6 |
2.3 |
| 2003 |
2.5 |
2.2 |
| 2004 |
2.4 |
2.1 |
| 2005 |
2.3 |
2.1 |
| 2006 |
2.2 |
2.0 |
| 2007 |
2.2 |
2.0 |
| 2008 |
2.1 |
1.9 |
| 2009 |
2.1 |
1.9 |
| 2010 |
2.0 |
1.8 |
| 2011 |
1.9 |
1.7 |
| 2012 |
1.8 |
1.6 |
| 2013 |
1.7 |
1.5 |
| 2014 |
1.7 |
1.5 |
| 2015 |
1.6 |
1.4 |
| 2016 |
1.5 |
1.4 |
| 2017 |
1.5 |
1.4 |
| 2018 |
1.4 |
1.3 |
| 2019 |
1.4 |
1.3 |
2019 Membership for Indiana Public Employees Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 212,687 |
156,503 |
41,592 |
412,287 |
1,175 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Indiana Public Employees Retirement System
2001-2019
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
273.3 |
15,863.4 |
| 2002 |
133.2 |
15,375.9 |
| 2003 |
155.8 |
16,305.3 |
| 2004 |
-66.9 |
18,627.3 |
| 2005 |
-112.8 |
20,202.2 |
| 2006 |
0.4 |
22,148.7 |
| 2007 |
-62.3 |
25,876.1 |
| 2008 |
-42.3 |
24,095.6 |
| 2009 |
21.8 |
19,487.0 |
| 2010 |
-78.8 |
22,050.8 |
| 2011 |
-338.2 |
25,666.9 |
| 2012 |
-343.8 |
25,507.8 |
| 2013 |
-24.5 |
27,010.4 |
| 2014 |
-301.2 |
30,155.0 |
| 2015 |
-457.9 |
29,819.1 |
| 2016 |
-331.4 |
29,829.1 |
| 2017 |
-420.2 |
31,769.0 |
| 2018 |
-3,347.1 |
28,495.0 |
| 2019 |
-291.3 |
30,290.0 |
2019 Cash Flows for Indiana Public Employees Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 2,163.4 |
2,454.8 |
2,086.3 |
1,795.0 |
Cash Flow as a Percentage of Assets
Indiana Public Employees Retirement System
2001-2019
| Fiscal Year |
Indiana Public Employees Retirement System |
National Average |
| 2001 |
1.7 |
-2.0 |
| 2002 |
0.9 |
-2.4 |
| 2003 |
1.0 |
-2.6 |
| 2004 |
-0.4 |
-2.0 |
| 2005 |
-0.6 |
-2.2 |
| 2006 |
0.0 |
-2.2 |
| 2007 |
-0.2 |
-2.1 |
| 2008 |
-0.2 |
-2.3 |
| 2009 |
0.1 |
-3.1 |
| 2010 |
-0.4 |
-3.2 |
| 2011 |
-1.3 |
-3.1 |
| 2012 |
-1.3 |
-3.3 |
| 2013 |
-0.1 |
-3.1 |
| 2014 |
-1.0 |
-2.9 |
| 2015 |
-1.5 |
-2.8 |
| 2016 |
-1.1 |
-3.0 |
| 2017 |
-1.3 |
-2.9 |
| 2018 |
-11.7 |
-2.6 |
| 2019 |
-1.0 |
-2.6 |
