Alexander: Indiana moves ahead of schedule to fully fund the Pre-1996 Teachers' Retirement Fund
STATEHOUSE (Oct. 2, 2026) — Indiana’s Pre-1996 Teachers' Retirement Fund will be fully funded nearly 10 years ahead of schedule, said State Sen. Scott Alexander (R-Muncie). The news came during a recent meeting of the Interim Study Committee on Pension Management Oversight, on which Alexander serves.
"At a time when affordability is the most pressing issue for Hoosiers, I am proud that we will be fully funding the Pre-1996 Teachers' Retirement Fund so far ahead of schedule," Alexander said. "It is important our state government properly manages hard-earned taxpayer dollars, and paying down liabilities and debt allows us to put those dollars toward providing for other important needs during difficult times."
In 2018, the expected payoff date was in 2037, but thanks to Senate Republicans contributing $4.3 billion in extra payments, the state will now be able to pay off the Fund's liability in fiscal year 2028 with an estimated $160 million final appropriation.
"Indiana educators work hard for our communities and our children, and we were determined to keep our promise to them in return," Alexander said. "Our dedicated teachers can have peace of mind knowing this Fund will be paid off early, and it will give the General Assembly more financial freedom and flexibility heading into the 2027 budget session."
The Pre-1996 Teachers' Retirement Fund is the state's only pay-as-you-go pension plan and is managed by the Indiana Public Retirement System for public school teachers hired prior to 1996.
Alexander encourages residents of Senate District 26 to contact him with any questions or comments they may have. Alexander can be reached by filling out a "Contact Me" form online at www.IndianaSenateRepublicans.com/Alexander or by phone at 800-382-9467.
-30-
which includes Delaware and Randolph counties.
Contact: Samantha Deese, Press Secretary
Samantha.Deese@iga.in.gov
317-234-9133
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
