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One North Capitol, Suite 001 | Indianapolis, IN, 46204 | (888) 526-1687 | www.inprs.in.gov 2014 Pension Secretaries Seminar Shelley Horner- EPPA.

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Presentation on theme: "One North Capitol, Suite 001 | Indianapolis, IN, 46204 | (888) 526-1687 | www.inprs.in.gov 2014 Pension Secretaries Seminar Shelley Horner- EPPA."— Presentation transcript:

1 One North Capitol, Suite 001 | Indianapolis, IN, | (888) | Pension Secretaries Seminar Shelley Horner- EPPA

2 One North Capitol, Suite 001 | Indianapolis, IN, | (888) | Baseline Applications Baseline Application Updated Previous version expires 12/31/14 New version on INPRS Website Select ‘forms’ then Police Officers’ and Firefighters’ Fund (1977 Fund) Member Forms Select ‘Enroll in the 1977 Fund’ State Form 4928 (R11/7-14)

3 One North Capitol, Suite 001 | Indianapolis, IN, | (888) | Transfer between Units I.C (n) No baseline application required or age restriction if: Active member with 77 fund employer Hired by another 77 fund employer within 180 days of separation from previous employer Effective 7/1/2013

4 One North Capitol, Suite 001 | Indianapolis, IN, | (888) | Service Credit 32 Years is Maximum amount of service that can be earned for retirement Member contributions (6%) stop after member has contributed for 32 full years Employer contributions (19.7%) continue Service Credit is earned in monthly increments Must work full month to receive credit One day missed = zero (0) months of service credited Based on payroll start/end dates submitted in ERM Partial months are combined to make a full month

5 One North Capitol, Suite 001 | Indianapolis, IN, | (888) | ERM Validations ERM Validation M-57 Member has reached maximum service level and only ER contributions are allowed Can only validate properly if service credit has been reported correctly ERM Validation M-90 Member’s pay period start date is not within 1 calendar day of their last pay period end date Currently a warning. Future state will be an error message that must be resolved prior to paying for the report.

6 One North Capitol, Suite 001 | Indianapolis, IN, | (888) | Pension Relief November - December 2014 EPPA call out to verify gender and converted or non- converted members (in process) EPPA call out to verify active members PR flyer ed 1/2/15 – begin entering and submitting data 2/2/15 – have all data submitted February – March 2015 – INPRS reviews data, contact employers if needed

7 One North Capitol, Suite 001 | Indianapolis, IN, | (888) | Pension Relief (cont’d) June 2015 Early – mid June, employers receive distribution letters with payment details Mid – late June, employers receive reminder Late June, employers receive 1st distribution via deposit into designated bank account September 2015 Mid – late September, employers receive reminder Late September, employers receive 2nd distribution via deposit into designated bank account


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