Statement will help members plan for retirement

INDIANAPOLIS (May 20, 2008) - More than 160,000 members of the Indiana Public Employees' Retirement Fund (PERF) will receive their Annual Member Statement in the coming weeks.

Through the end of June, PERF will mail statements to members of the main PERF fund, including many state, municipal and university public employees.

The statements, similar to annual Social Security Statements, will provide members PERF's record of their wages and service. In addition, the statement will provide an estimate of a potential benefit for any member with at least five years of creditable service.

"Sending out Annual Member Statements is an important part of PERF's comprehensive set of customer service offerings. By providing our members with critical information about their future benefits, the statements help them to plan better for their retirement," said PERF Executive Director Terren Magid.

The statement provides members information regarding their defined benefit pension plan. This plan, supported by employer contributions and investment returns, guarantees eligible members a specified monthly income for life, upon retirement.

PERF has, for years, provided members quarterly statements for their annuity savings accounts. This defined contribution benefit is supported by member and sometimes employer contributions. The benefit amount upon retirement depends on how much was contributed and what interest was earned.

PERF suggests members review their annual statements carefully to make certain all information is accurate. Those with questions regarding their statements may visit PERF's website at www.perf.in.gov, e-mail PERF at questions@perf.in.gov or call toll-free: (888) 526-1687.

About PERF
With fiscal year-end assets of $17.2 billion, the Public Employees’ Retirement Fund (PERF) is headquartered in Indianapolis. PERF serves the needs of more than 220,000 public employees and retirees throughout Indiana.

CONTACT:
Jodi O’Neill – (317) 234-5337 or joneill@perf.in.gov