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Judges’, prosecutors’ pension funds receive split of surplus reserves

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Indiana’s Judges’ Pension Fund and Prosecutors’ Pension Fund will receive nearly 30 percent of the $360 million in surplus money from the state reserves, the governor’s office announced Thursday.

The Judges’ Pension Fund receives $90,187,160; the Prosecutors’ Pension Fund adds $17,363,392. The money is coming from proceeds from the first automatic taxpayer refunds, Gov. Mitch Daniels’ plan to return money to residents when the state’s reserves exceed a certain threshold.

“Many pension funds in other states are headed for massive defaults, but not here. Our state police, conservation, excise and gaming officers, judges, prosecutors and teachers deserve rock-solid, retirement security in return for their dutiful and often sacrificed public service. Indiana’s pension funds, among the best-funded anywhere, are now in even better condition,” said Daniels in a statement.

The remainder of the $360,640,000 will be distributed to the pension funds of conservation, gaming and excise officers; state police; and the Pre-1996 Teachers’ Retirement Fund. The teachers’ retirement fund receives the biggest chunk – more than $206 million.

 

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  1. Contact Lea Shelemey attorney in porter county Indiana. She just helped us win our case...she is awesome...

  2. We won!!!! It was a long expensive battle but we did it. I just wanted people to know it is possible. And if someone can point me I. The right direction to help change the way the courts look as grandparents as only grandparents. The courts assume the parent does what is in the best interest of the child...and the court is wrong. A lot of the time it is spite and vindictiveness that separates grandparents and grandchildren. It should not have been this long and hard and expensive...Something needs to change...

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