Your INPRS defined contribution (DC) account is a mandatorily funded 3% contribution made by you, your employer, or a combination of both. Your DC is funded through your employer, but you may also contribute additional money. Members are 100% vested in the DC, regardless of who contributes.

One feature that makes the DC account so important is that you can change your investment options whenever you want. For instance, you can choose one of INPRS’s Target Date Funds (TDFs), which become more conservative as you get closer to retirement, leaving you with little to do but relax about your investments – and work of course.

When you were hired, you were given the option of selecting from several available investment options or defaulting to a target date fund to direct your DC allocations. Older DC account members defaulted into the former Guaranteed Fund (GF), then moved to the Stable Value Fund unless the Target Date Fund was directly chosen when the GF ended. If you have not revisited this election, take the time to learn more about the DC options available to help you make sure you meet your retirement goals.

Keep in mind that if you ever separate from a PERF-or-TRF-covered position or become disabled, you can withdraw the funds from your DC account. You may also elect to:

• Leave the balance in your DC account invested with INPRS,
• Take a lump-sum distribution*, or
• Roll your balance over to a qualified plan or eligible retirement account

PERF-and-TRF Hybrid members who are at least 59 ½ years of age and meet age and service eligibility for normal retirement may take in-service distributions of their DC accounts. PERF-and-TRF My Choice members who are at least 62 years of age and have five qualifying years of service may also take in-service distributions. LE DC members must be at least 59 ½ years of age.

When you retire, you can choose any of those options, plus you can:

• Annuitize your account for a guaranteed lifetime income, or
• Defer distribution

Log in to your account at myINPRSretirement.org to review your current investments.

If you have questions, please contact our Member Advocate Team at (844) GO-INPRS or (844-464-6777) or email us at questions@inprs.in.gov.

^{*Early withdrawal penalties may apply. Please check with your trusted tax advisor.}