Actuarial assumptions

Authority: IC 5-10.5-4-2; IC 36-8-8 Affected: IC 36-8-8 Sec. 3. Early retirement benefits are actuarially reduced to be equivalent to the normal retirement benefit. For the 1977 Fund, the reduction is 6.00% per year. The reduction is prorated based on the number of months by which the member's age in completed months at commencement precedes normal retirement age. (Board of Trustees of the Indiana Public Retirement System; 35 IAC 2-2-3; adopted Apr 26, 2013: 20130508-IR-035130167ONA; adopted Oct 28, 2022: 20221116-IR-035220338ONA)