The Interim Study Committee on Pension Management Oversight (PMOC) held its first meeting this week. PMOC, a committee which I chair, is charged with studying topics related to pensions, annuities and retirement benefits for public employees, teachers and public safety officers. Summer study committees play an essential role in establishing the foundation for next year’s legislative session.
At the meeting this week, the committee received an update on the status of the state’s pension programs from the Indiana Public Retirement System (INPRS). We also discussed the benefits of a cost of living adjustment versus a 13th check for members of the Public Employees’ Retirement Fund (PERF) and the Indiana State Teachers’ Retirement Fund (TRF). The committee also debated the pros and cons of defined benefit and defined contribution plans.The committee plans to meet again next month to discuss its recommendations. For more information on the committee and to watch future meetings online, click here.
Sincerely,
