Indiana Public Retirement System (INPRS) distributed $60 million in 13th checks to 160,000 retired public employees.
The Indiana Public Retirement System (INPRS) distributed nearly $60 million in 13th checks to over 160,000 retired public employees, averaging about $370 each. These one-time payments aim to supplement fixed retirement benefits that fall short of inflation. Future reforms will provide annual 13th checks for retirees before July 1, 2025, while those after that date will receive 1% cost-of-living adjustments. Funding comes from dedicated reserve accounts.
September 17, 2024
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