Every five years, the Indiana Public Retirement System (INPRS) adjusts its lineup of Target Date Funds to continue to meet the needs of its members. At each five-year mark, the closest fund to the Retirement Fund merges or “rolls into” the Retirement Fund, and a new fund is added to meet the needs of the youngest employees entering the workforce. This new fund will be established for 45 years from the current year; the new fund will be the 2070 Fund. Finally, as a part of the routine fund adjustment process, each of INPRS’s Target Date Funds will be updated according to the Funds' objectives to align with each retirement year.

On or around April 14, 2025, the 2015 Fund will roll into the Retirement Fund. All assets within the 2015 Fund will combine with those in the Retirement Fund and will reflect the current allocation of the Retirement Fund. A new fund, the 2070 Fund, will be added to the current Target Date Fund options. The 2070 Fund will be available for all members to invest in and will be the default option for members whose age range indicates its appropriateness, should they not self-select the 2070 Fund for their investments. There will be no trading blackout associated with this lineup change.

To learn more, read our FAQs and view the current Target Date Fund fact sheet as of Dec. 31, 2024. INPRS updates its investment fact sheets after each quarter end, meaning these Target Date Fund changes will be reflected on the fact sheet effective as of June 30, 2025. You can find the updated fact sheet on our website on or after July 31, 2025, at in.gov/INPRS.