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The Indiana State Teachers’ Retirement Fund (TRF) was created by the Indiana General Assembly in 1921. Today, TRF manages and distributes the retirement benefits of educators in all public schools , as well as some charter schools and universities, throughout 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.
It consists of a superintendent, a five-member school board, eight principals and vice principals and employs around 190 teachers and specialists. The SGSC's renovation of the then-35-year-old Gibson Southern High School was complete as of 2010-11 School Year.
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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]