Ind. Code ch. 5-10.5-6

in effect

Ind. Code § 5-10.5-6-1 Director; executive officer; appointment

Sec. 1. (a) The director is the executive officer of the system and is responsible for the administration of the system. (b) The director is appointed by and serves at the pleasure of the board. As added by P.L.23-2011, SEC.22.

Ind. Code § 5-10.5-6-2 Director; duties

Sec. 2. The director shall do the following: (1) Maintain a record of the board's proceedings. (2) Keep the books and records of the system. (3) Deposit payments made to the system with the custodian for the system's accounts. (4) Sign vouchers for the payment of money from the system as authorized by the board. (5) Execute a corporate surety bond in an amount specified by the board. The premium for the bond is an administrative expense of the system. (6) Perform other duties as assigned by the board. As added by P.L.23-2011, SEC.22.

Ind. Code § 5-10.5-6-3 Fund member records; requirements

Sec. 3. (a) The board shall maintain individual records for each member of a public pension or retirement fund of the system administered by the board. (b) A member's record must include at least the following information: (1) The member's name. (2) Date of birth. (3) Age at beginning service. (4) Service record. (5) Address. (6) Contributions. (7) Amounts withdrawn. (8) Benefits paid. (9) Social Security number. (10) Any other information necessary for the fund to administer the member's account. As added by P.L.23-2011, SEC.22.

Ind. Code § 5-10.5-6-4 Fund member records; confidentiality; exceptions

Sec. 4. (a) Records of: (1) individual members of; and (2) membership information concerning; a public pension or retirement fund administered by the board are confidential, except for the name and years of service of a member. (b) This section does not prohibit the board from providing fund records to an association or organization described in IC 2-3.5-4-12, IC 2-3.5-5-10, IC 5-10.3-8-10, IC 5-10.4-5-14.5, or IC 36-8-8-17.2. As added by P.L.23-2011, SEC.22. Amended by P.L.15-2013, SEC.7.

Ind. Code § 5-10.5-6-5 Administrative expenses; proration

Sec. 5. (a) Each public pension and retirement fund of the system shall pay the expenses of administration attributable to that public pension or retirement fund. (b) The board shall: (1) prorate the expenses of administration of the system that cannot be attributed to a particular public pension or retirement fund and the bond of the director among; and (2) pay the prorated expenses from; the public pension and retirement funds of the system. As added by P.L.23-2011, SEC.22.

Ind. Code § 5-10.5-6-6 Report on stress test or risk assessment

Sec. 6. If during a state fiscal year beginning after June 30, 2018, the system performs a stress test or a risk assessment on any of the public pension and retirement funds of the system, including a sensitivity analysis of funding status, the director, or another suitable person designated by the director, shall before November 1 of the following state fiscal year: (1) submit a report describing the stress tests and risk assessments performed and the results of those tests and risk assessments to the interim study committee on pension management oversight established by IC 2-5-1.3-4 in an electronic format under IC 5-14-6; and (2) upon request from the chairman of the interim study committee on pension management oversight, present a summary of the information described in subdivision (1) to the interim study committee on pension management oversight. As added by P.L.20-2019, SEC.1.

Ind. Code § 5-10.5-6-6.5 INPRS to submit annual report to the interim study committee on pension management oversight

Sec. 6.5. The system shall, not later than October 1 each year, submit to the interim study committee on pension management oversight a written report that summarizes and analyzes the retirement plan information received for the immediately preceding state fiscal year under IC 5-11-20. The report must be in an electronic format under IC 5-14-6. As added by P.L.108-2019, SEC.98.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/5Fetched: 10/17/2026