Indiana increased public pension assets despite pandemic

Indiana

INDIANAPOLIS (AP) — Indiana’s public pension funds for state and local government employees, including teachers, has apparently weathered the financial markets’ volatility during the coronavirus pandemic, new data from the state show.

The General Assembly’s Pension Management Oversight Committee heard Wednesday that the Indiana Public Retirement System increased its pension assets by 2.56% to $30.6 billion during the 2020 budget year, which ran from July 1, 2019, to June 30, 2020.

The (Northwest Indiana) Times reports that according to INPRS, the state’s prepaid pension programs were 90.6% funded, an increase from their 88.1% funded status at the end of the 2019 budget year.

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