Retired Indiana Public Employees Association - Working for your retirement

We have received numerous inquiries on the possible impact to the financial status of the Public Employees Retirement Fund if Public Question #1 is passed by the voters on November 6.  The question is: 

“Shall Article 10, Section 5 of the Constitution require the General Assembly to adopt balanced budgets for state government that do not exceed estimated revenues unless a supermajority of two-thirds of the members of the House of Representatives and two-thirds of the Senate vote to suspend the requirement?”
This amendment does not place PERF or any of it’s active members or retirees in jeopardy. PERF is in sound financial condition.

RIPEA will continue monitoring the financial condition of PERF to protect it’s members.

Note:  It is also our understanding that Federal and State law prohibit the state from borrowing from the fund.