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The monthly pension benefit is determined by salary history, years of service, age, and the retirement option selected. TRF members become vested in the pension benefit after 10 years of qualified Indiana service. Members may purchase service credit for military service, out-of-state teaching, and qualified leaves of absence. [2]
The department is managed by the Indiana Superintendent of Public Instruction, an elected office most recently held by Jennifer McCormick until January, 2021. The Superintendent serves as voting member and the chair of the Indiana State Board of Education, an eleven-member body with its ten other members appointed by the Governor of Indiana .
Indiana Public Retirement System (INPRS) is a U.S.-based pension fund responsible for the pension assets for public employees in the state of Indiana.INPRS is among the largest 100 pension funds in the United States, with $47.961 billion in actuarial accrued liabilities and $34.479 billion in actuarial assets as of June 30, 2021.
In 2017, Gary Community Corp became the first school system in Indiana involved in a state takeover. Control of the district was transferred from the elected school board and appointed school superintendent to the State of Indiana's Distressed Unit Appeals Board, which placed MGT Consulting and Emergency Fiscal Manager Peggy Hinckley in charge of managing the district. [3]
SOURCE: Integrated Postsecondary Education Data System, Indiana University-Purdue University-Indianapolis (2014, 2013, 2012, 2011, 2010). Read our methodology here. HuffPost and The Chronicle examined 201 public D-I schools from 2010-2014. Schools are ranked based on the percentage of their athletic budget that comes from subsidies.
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Two Indiana parents are in custody after allegedly leaving their 2-year-old daughter in a closet overnight with a space heater turned all the way up.
In 1853, Indianapolis incorporated its school system. A few years later, however, the Indiana Supreme Court ruled in an 1858 decision that it was unconstitutional for cities and towns to levy taxes in support of public schools. As a result, all public schools were closed and rented to teachers, although many reopened in 1860.