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The Indiana State Teachers’ Retirement Fund (TRF) was created by the Indiana General Assembly in 1921. Today, TRF manages and distributes the retirement benefit of educators in all public schools, as well as some charter schools and universities, throughout Indiana.
The fund administers and manages several pension funds in the State of Indiana, the two largest of which are the Indiana State Teachers' Retirement Fund and the Indiana Public Employees' Retirement Fund.
In another study, Equable Institute found that the total lifetime value of teacher pension benefits have declined by $100,000 on average (13%) since 2005. A teacher hired for the 2005 school year can expect to earn $768,000 in retirement benefits, where as a teacher hired for the 2023 school year can expect to earn $668,000.
Like its better-known sibling — the 401(k) — a 457(b) retirement plan is a tax-advantaged way to save for retirement. But the 457(b) is designed especially for employees of state and local ...
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On Sunday (June 7), the Indiana State Police Pension Fund, the Indiana Teacher's Retirement Fund, and the state's Major Moves Construction Fund filed a petition with the U.S. Supreme Court requesting an emergency stay to delay the sale while they challenged the deal.