Indiana’s public pension restructures investments
The new asset mix, approved by the Indiana Public Retirement System’s board late last month, includes a lower concentration of public equities.
Public Pensions
Government pension performance stings cities
The pension fund that holds benefits for public employees has seen improved investment returns over the last two years, but the hammering it took during the depths of the recession continues to deal a blow to cities, counties and other employers.
Indiana legislators adjourn with $28B budget
The Indiana General Assembly adjourned for the year late Friday, bringing an end to a roller-coaster legislative session that produced politically-charged legislation that will help shape elections next year and for the next decade.
Bills that passed, failed in this year’s General Assembly
A look at some major legislation considered this year by the Indiana General Assembly.
Next state budget to spend $117M more on pensions
Indiana lawmakers plan to set aside more money in the next two-year budget to help deal with unfunded pension liabilities, but experts warn the amount needed to pay retirees will only grow in the next 15 years.
No increase in benefits for many Social Security recipients
As if voters don't have enough to be angry about this election year, the government is expected to announce this week that more than 58 million Social Security recipients will go through another year without an increase in their monthly benefits.
New Jersey names Indiana’s Walsh to head investment division
Timothy Walsh will take over a $68 billion pension fund, eight times larger than the $8.5 billion Indiana State Teachers Retirement
Fund he headed since 2008.
Indiana pension fund officer takes N.C. post
The chief investment officer for Indiana’s public employee pension fund is taking a similar job in North Carolina at a base
salary of $320,000.
State’s largest pension programs get new leader
Steve Russo was chosen Monday as executive director of both the Indiana Public Employees' Retirement Fund and the Indiana
State Teachers' Retirement Fund.
Report: Indiana far short of funding teacher pensions
Indiana is among the nation’s five most underfunded teacher pension programs, but low ranking is misleading.
Pew study questions health of Indiana’s public pensions
The Washington, D.C.-based Pew Center on the States says Indiana “needs improvement” in setting aside money for
retirees’ future health care and other benefits.
$22.3 billion public pension merger poised to fail again
Key House Democrat recommends summer study for a Gov. Daniels legislative priority: consolidation of the $14.2 billion Indiana
Public Employees Retirement Fund and the $8.1 billion Indiana State Teachers Retirement Fund.
Daniels revives push to merge PERF, TRF pension funds
Gov. Mitch Daniels wants legislators to revive a merger of the Indiana Public Employees Retirement Fund and the Indiana
State Teachers Retirement Fund. He says the move could save up to $50 million a year in fees.
Supreme Court rejects Indiana’s appeal of Chrysler sale
The justices on Monday turned down an appeal from the state of Indiana pension funds that earlier challenged the automaker’s
bankruptcy proceedings.
Teachers’ pension fund poised to buy downtown building from Duke
The Indiana State Teachers’ Retirement Fund is negotiating to buy a 12-story office building across from the
Statehouse in what could be the year’s largest downtown office transaction.
Indiana taking Chrysler bankruptcy case to Supreme Court
Indiana officials are asking the U.S. Supreme Court to reconsider hearing their objections to the Chrysler bankruptcy proceedings
that resulted in its takeover by Italian automaker Fiat.
Consultants for PERF, TRF announce plan to merge
Whether or not the Indiana Public Employees’ Retirement Fund and the Indiana State Teachers’ Retirement Fund consolidate,
their primary financial consultants are merging.
PERF confusion
I am not at all sure that a merger of two public pension plans is not a good idea, possibly just not under current investment management auspices.
Pension merger raises questions
We’re generally supportive of a plan to merge the state’s two largest public pensions in an effort to save money, but it’s
hard to know exactly what to think considering the lack of detailed information available about the performance of the funds.
Indiana Public worker, teacher funds have lost $8B in 15 months
The state’s two biggest pension funds are poised to combine into one Indiana Public Retirement System, with a single executive
director and board.