RFP NUMBER 14- - The Official Website of the State of Indiana
Currently, if a member or eligible survivor chooses to annuitize the ASA, the total benefit is the state pension benefit plus the annuity paid in monthly installments. Historically, approximately 50% of INPRS retirees, or $200 million per year, convert their ASA balance to a lifetime monthly annuity, with an average account balance of $60,000 ... ................
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