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Indiana Public Retirement System

Indiana Public Retirement System (INPRS) > My Fund > Legislators > Legislators' Member Handbook: Participating in the Fund Legislators' Member Handbook: Participating in the Fund

The Legislators’ Retirement System (LRS) was designed especially for your needs as a state legislator. Prior to the creation of the LRS in 1989, state legislators participated in the PERF retirement plan. If your service in the General Assembly was completed before April 30, 1989, you will continue as a member of PERF and will not participate in the LRS. Within the Legislators’ Retirement System is a Defined Benefit Plan and a Defined Contribution Plan. Section two of this handbook defines the provisions of the Defined Contribution Plan and Section three explains the Defined Benefit Plan. Your participation in one or both of these plans depends on when you served in the Indiana General Assembly. If you completed your service in the General Assembly BEFORE April 30, 1989, you were a member of the PERF plan. If you were serving in the General Assembly ON April 30, 1989, you had the option of joining both the Defined Benefit Plan and the Defined Contribution Plans of the Legislators’ Retirement System. If you chose to remain a member of PERF, please refer to the PERF Member Handbook.

If you began serving in the General Assembly AFTER April 30, 1989

As a member of the General Assembly who began service after April 30, 1989, or who elected coverage under IC 2-3.5-3-1(b), you are entitled to be covered under the Defined Contribution Plan. Participants in this plan include both those who are new to the General Assembly and those who served before April 30, 1989 (but terminated prior to that date), and returned to service after April 30, 1989.

Section Two: The Defined Contribution Plan