DESTINATION - IndianaTake our quiz at bit.ly/inprsinvestingquiz to learn more. When you review our fund fact sheets, available at bit.ly/FundFactsNow , you’ll see each investment

I N D I A N A P U B L I C R E T I R E M E N T S Y S T E M R E T I R E M E N TD E S T I N A T I O N :

Phone: (844) GO-INPRS | Web: www.inprs.in.gov | Email: [email protected]

Every attempt has been made to verify that the information in this newsletter is correct and up-to-date. Published content does not constitute legal advice. If a conflict arises between information in this publication and the law, the

applicable law shall apply.

The Indiana Public Retirement System (INPRS) is a trust and an independent body, corporate and politic. INPRS is not a department or agency of the state of Indiana, but is an independent instrumentality exercising essential government functions. (Indiana Code 5-10.5-2-3)

ONE NORTH CAPITOL, SUITE 001INDIANAPOLIS, IN 46204

PRSRT STDU.S. Postage

PAIDIndianapolis, INPermit No. 540

SUMMER 2018

For all working '77 Fund, Judges' Retirement System, PARF Excise, Gaming and Conservation Fund and LEDC/DB members.

WHEN YOUR BILLS ARE HIGH AND MONEY IS LOW, WHERE SHOULD YOUR MONEY GO?

OK, BUT AM I VESTED YET?

PAPER PILES UP PRETTY EASILY. GET A HANDLE ON YOUR PAPERWORK AND GET THIS NEWSLETTER AND YOUR QUARTERLY STATEMENT SENT TO YOUR EMAIL ADDRESS. JUST LOG ON TO YOUR INPRS ACCOUNT AT WWW.MYINPRSRETIREMENT.ORG AND UPDATE YOUR COMMUNICATION PREFERENCES.

O ne of the best benefits of being an INPRS member is the lifetime retirement benefit you will receive once you become vested. The “At a Glance Sheet” for your fund contains information about your

retirement plan, including how long it takes to vest. Check out your plan’s requirements for vesting:

< 1977 Fund: bit.ly/77FundGlance< Judges Fund: bit.ly/JudgesGlance< Excise Fund: bit.ly/ExciseGlance< Legislators Fund: bit.ly/LegislatorsGlance< Prosecutors Fund: bit.ly/PARFGlance

For more information about your plan and how to vest, visit your plan handbook at www.inprs.in.gov.

THE INFLATION LINKED FIXED INCOME FUND HAS RECENTLY TRANSITIONED FROM ACTIVE TO PASSIVE MANAGEMENT.Scan this QR code with your smartphone for more info.

Dave waits 10 years and then begins to save at age 35. With the power of compounding, Emily will have almost twice as much money when she retires, nearly $400,000. Do you want to be Dave or Emily?

If Dave wants to have the same amount of money for retirement as Emily and still delays saving until he’s 35, he’d have to stock away $396.51 a month, while Emily only has to save $200.

WHEN YOUR BILLS ARE HIGH, CONTINUED

What could you do with an extra $196.51 each month?

4. I GIVE UP!Planning for retirement and paying for Junior’s college may require that you give up a few conveniences. Instead of two grande mocha latte espressos with heavy cream each day, have one. The money that you save, could go towards your retirement and the “Get Junior out of the basement" fund.

SKU#: Q22018

D o you ever feel like everyone wants some of your money? Your

bills are due, Junior wants to go to college and you really should start saving for retirement! A dollar can only stretch so far, so what are you to do? Choose not to send Junior to college and he may live in your basement – FOREVER! Consider the following when trying to decide how to take care of Junior and your retirement.

1. CAN YOU GET A LOAN TO PAY FOR IT?THERE ARE NO LOANS FROM YOUR INPRS PLAN! College can be paid

for by loans, scholarships and programs such as an educational savings program like the 529 Plan.

2. WHICH BILLS HAVE THE LOWEST INTEREST RATES?Paying your bills in full at the end of each billing cycle should be your goal.

This habit can save you thousands!

3. THE EARLY SAVER GETS THE WORMWell, not actually the worm, unless worm is a metaphor for money. Saving for your retirement should begin early in your career – as soon as possible. For example: Emily starts saving $200 a month at 6% interest at age 25 and puts away money for retirement …– Continued on page 4

0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

25 30 35 40 45 50 55 60 65

Emily:$398,298.15

Dave:$200,903.01

Example Graph

Want to know how your plan works?Visit us online at www.inprs.in.gov.

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D E S T I N A T I O N :R E T I R E M E N T

INDIANA PUBLIC RETIREMENT SYSTEM | ONE NORTH CAPITOL | SUITE 001 | INDIANAPOLIS, IN 46204 | WWW.INPRS.IN.GOV | (844) GO-INPRS | [email protected]

WE WANT TO GET TO KNOW YOU!Follow us on our social media channelsSearch for Indiana Public Retirement System on:

WANT TO LEARN HOW YOUR PLAN WORKS?

CHECK OUT OUR PLAN HANDBOOKS!

< http://bit.ly/handbooks4perf< http://bit.ly/handbook4trf< http://bit.ly/handbook477fund< http://bit.ly/handbook4judges< http://bit.ly/handbooks4excise< http://bit.ly/handbook4parf

SUMMER 2018

On April 11, 2018, the Public Relations Society of America (PRSA) recognized INPRS for its communications efforts for our members and employers. The team earned two PRSA

Pinnacle Awards and two awards of honor for our communications that rolled out our new web services.

Our new self-service, secure website, introduced in

January, provides a better web experience for you, our member. We made these improvements based on your feedback.

You let us know you wanted an easier-to-use, modern

website with additional retirement planning tools. Our goal with these communications was to prepare you for these changes.

While earning awards is a great time to celebrate a job well-done, serving you is our highest priority. Thank you for the opportunity to serve you.

48 percent of INPRS members change their retirement plans after attending a workshop or counseling session with us. If you aren’t 100 percent confident in your plan for retirement, let us help! Our counselors can meet with you one-on-one, in a workshop, or even through webinar. These events are available all over the state. Visit bit.ly/RBWcalendar to find one close to you and register.

HOW CONFIDENT AREYOU IN YOUR PLAN?

AWARD WINNING WORK FOR OUR MEMBERS

Risk tolerance refers to how comfortable you are with your account value rising and falling with the markets.

When you review your investment choices, it's important to decide how much market instability you can withstand; taking into consideration your own objectives and time horizon. Investments with more risk may have higher expected returns, but may be more likely to rise and fall sharply over a certain period. You should have a thorough understanding of what your particular risk tolerance is before you choose an investment. Take our quiz at bit.ly/inprsinvestingquiz to learn more.

When you review our fund fact sheets, available at bit.ly/FundFactsNow, you’ll see each investment option labeled as low, medium or high risk. This can be a helpful guide to assist you in selecting investment options that you’re both comfortable with and get you toward your goals.

All investments involve risk and may result in loss of principal. For guidance identifying risk factors specific to your own objectives and time horizon, please contact your financial advisor.

WHAT IS "RISK TOLERANCE?"

O n May 8, while most organizations were closed for Election Day, our

office at One North Capitol was buzzing with excitement and learning.

CEM, a global benchmarking company, holds an annual Global Pension Administration Conference,

and this year INPRS was lucky enough to host it. The conference went from Monday, May 7 through Thursday, May 10. Pension systems throughout the world sent representatives to the conference to learn from one another about customer service, planning and more. – Continued on next page

CEM CONFERENCEIN INDY

CEM CONFERENCE IN INDY,CONTINUED

Participants attended educational sessions on Wednesday and Thursday. During these sessions, they learned about member engagement, employer services and cyber risk, among others. This was a chance for some of the industry’s best to get together and discuss lessons learned and best practices.

The highlight for INPRS however, was showing off our facilities and how we work. Every participant was taken on a tour of our offices where they learned about the INPRS member’s retirement journey. They also were able to hear presentations from our leaders about the new online retirement application, data breach protocol, call center structure and use of educational videos.

The conference was a huge success and we loved getting to show off Indianapolis, and INPRS, to over 160 national and international pension systems.