Headed by a governor-appointed executive director and a six-member Board of Trustees, TRF aims to prudently manage the fund in accordance with fiduciary standards, provide quality benefits, and deliver a high level of service to TRF members while demonstrating responsibility to the citizens of the state.
[2] As of June 30, 2008, TRF had over 150,000 active, inactive, and retired members and beneficiaries and managed approximately $8.6 billion in assets.
[3] The monthly pension benefit is determined by salary history, years of service, age, and the retirement option selected.
TRF members become vested in the pension benefit after 10 years of qualified Indiana service.
[2] The Annuity Savings Account (ASA) is made up of voluntary and mandatory contributions, as well as investment earnings, and is based on the balance at the time of retirement and the payment option selected.