Indiana Administrative Code Title 35 - BOARD OF TRUSTEES OF THE INDIANA PUBLIC RETIREMENT SYSTEM
Here’s an enhanced overview of Indiana Administrative Code – Title 35: Board of Trustees of the Indiana Public Retirement System (INPRS):
📚 General Overview & Authority
Title 35 IAC sets regulations for the Board of Trustees of the Indiana Public Retirement System, which assumed its current name and structure effective July 1, 2011, under IC 5‑10.5‑7‑5—previously under the Public Employees’ Retirement Fund name (regulations.justia.com).
Regulations are updated quarterly, with the latest available through March 26, 2025 (law.cornell.edu).
🏛 Title 35 Structure
Article 1.2 – Public Employees’ Retirement Fund
Key rules include:
General Provisions (Rule 35 IAC 1.2‑1)
Definitions (1.2‑2)
Creditable Service (1.2‑3)
Membership Rules (1.2‑4)
Retirement & Disability Benefits (1.2‑5)
Miscellaneous Administration (1.2‑6)
Administrative Proceedings (1.2‑7)
Cost‑of‑Living Adjustments (COLA) (1.2‑8) (law.cornell.edu, browncountyschools.com, regulations.justia.com)
This Article governs eligibility, benefit calculation, service credit, appeals, and periodic COLA adjustments.
📌 Additional Articles in Title 35
Article 1.3: Defined‑Contribution Program under the Public Employees’ Retirement Fund
Article 2: Police & Firefighters’ Pension & Disability Fund (1977 Fund)
Article 4: Retirement plan for State Excise Police, Gaming Agents, Gaming Control Officers & Conservation Enforcement Officers
Article 6: Pension Relief Fund
Article 9: Annual Compensation Limits aligned with IRS §401(a)(17) (regulations.justia.com)
Article 10: Rollovers and trustee‑to‑trustee transfers
Article 11: Additional employer/employee contributions
Article 12: Annual Compensation Limit rules revisited
Article 13: Required Minimum Distributions (RMDs) under federal tax law
Articles 14–21: Cover Indiana State Teachers’ Retirement Fund structure, benefits, contributions, service purchases, 401(h) medical accounts, and separate-employer accounts procedures (regulations.justia.com, en.wikipedia.org)
🔍 Key Highlights
The Board oversees multiple retirement programs managed by INPRS including PERF, TRF, Public Safety, Police & Firefighters, etc. (en.wikipedia.org)
Article 1.2 is fundamental to PERF rules—coverage, service credit, benefit calculation, appeals, and COLAs.
Annual Compensation Limits (Article 9) and RMD Rules (Article 13) ensure compliance with federal tax standards.
Rollovers, contributions, additional plans, and separate employer accounts (Article 21) provide operational flexibility.
📊 How It Fits with INPRS
INPRS is governed by a nine-member board, administering funds for over 500,000 members with assets around $45B+, according to the latest publicly available data (law.cornell.edu, casetext.com, regulations.justia.com, en.wikipedia.org). Title 35 operationalizes the board’s authority and procedures.
🧭 For Further Research
For complete rule texts, use the INPRS website, Indiana General Assembly (IAR), or legal platforms (Justia, Cornell LII).
To see updates since March 2025, consult the Indiana Register (periodical updates) or the INPRS Board resolutions/notices.
If you want any specific section—like COLA rules (1.2‑8), compensation limits (Article 9), or rollover policies—just tell me which rule you'd like to see in full or need examples from.
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