pensions

Politics & Government
5:02 pm
Mon May 19, 2014

Some Lawmakers Concerned Indiana Pension Privatization Delay is Too Short

Legislation passed this year required the Indiana Public Retirement System Board to delay privatizing a part of the public pension system.  But some lawmakers are concerned the delay isn’t long enough.

The INPRS Board voted last summer to privatize annuity savings accounts offered to public retirees in part because of what the board felt were unsustainable interest rates.  Under INPRS management, the accounts earned a fixed interest rate of seven and a half percent, while the rate would be considerably lower under private management, which uses market rates. 

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