Concord Community Schools

As a teacher, or an Indiana public employee, you are a member of the Teacher Retirement Fund (TRF), and we contribute a percentage of your wages to the Indiana Public Retirement System (INPRS) to fund your future retirement benefits.

The TRF Member Handbook provides comprehensive, organized information; click the handbook below for more information!

The majority of teachers will receive two benefits when they retire.

1. Currently, we contribute 3.0% of your wages to your Defined Contribution (DC) account, which is an individual retirement account invested in the market.
2. Secondly, we contribute a state-determined percentage of your wages to fund your future Defined Benefit (DB), commonly known as your monthly pension. Your pension eligibility and future pension amount are contingent upon your wages, age, and years of creditable service at the time of your retirement.

Teachers new to TRF beginning July 1, 2019 have the option of enrolling in the TRF My Choice: Retirement Savings Plan. The My Choice Plan provides full vestment after 5 years, but all contributions fund the teacher's Defined Contribution (DC) account. My Choice Plan members do not receive a Defined Benefit (DB), or a pension.

YES! And you should! To start, you should register for an online account in the INPRS member portal if you haven't already. From there, you can monitor your benefits and manage your investments.

If you have never accessed your online INPRS account, click the laptop below. You can register your account with your social security number and date of birth.

It depends on your wages, age, and years of creditable service at the time of your retirement. Fortunately, INPRS provides an online calculator you can use to estimate your retirement benefits based on your circumstances.

Click the calculator below to estimate your future retirement benefits.

INPRS offers a multitude a resources to help you best understand your future retirement benefits. Click below to learn more!

As an eligible classified employee, or an Indiana public employee, you are a member of the Public Employee Retirement Fund (PERF), and we contribute a percentage of your wages to the Indiana Public Retirement System (INPRS) to fund your future retirement benefits.

The PERF Member Handbook provides comprehensive, organized information; click the handbook below for more information!

The majority of employees will receive two benefits when they retire.

1. Currently, we contribute 3.0% of your wages to your Defined Contribution (DC) account, which is an individual retirement account invested in the market.
2. Secondly, we contribute a state-determined percentage of your wages to fund your future Defined Benefit (DB), commonly known as your monthly pension. Your pension eligibility and future pension amount are contingent upon your wages, age, and years of creditable service at the time of your retirement.

YES! And you should! To start, you should register for an online account in the INPRS member portal if you haven't already. From there, you can monitor your benefits and manage your investments.

If you have never accessed your online INPRS account, click the laptop below. You can register your account with your social security number and date of birth.

It depends on your wages, age, and years of creditable service at the time of your retirement. Fortunately, INPRS provides an online calculator you can use to estimate your retirement benefits based on your circumstances.

Click the calculator below to estimate your future retirement benefits.

INPRS offers a multitude a resources to help you best understand your future retirement benefits. Click below to learn more!

A 401(a) retirement account is essentially a standard individual retirement account (IRA). We contribute a percentage of your wages to your account, and when you become fully vested and meet the retirement eligibility criteria, the funds in your account are yours, and you may manage them just as you would any IRA.

If you are a teacher or a manager, we contribute 1.5% of your wages to your 401(a) account. If you are an administrator, we contribute 2.0% of your wages to your 401(a) account.

You become fully vested after you complete five (5) years of service to the Corporation. At that time, 100% of the funds contributed to your account are yours!

Once you are fully vested, there are a number of qualifying reasons for which you may receive a distribution from your account.

Generally, any distribution you receive when you are under the age of 59.5 years are subject to an additional 10% tax. Once you are 59.5 years or older, you may receive distributions without paying any additional taxes.

Once you are vested in your 401(a) retirement account, the funds are yours. If you leave the Corporation before you retire, you may leave your funds in your account for the future, or you may request a rollover to transfer your funds to another eligible retirement account.

YES! And you should! To start, you should register for an online account in the Security Benefit member portal if you haven't already. From there, you can monitor your benefits and manage your investments.

If you have never accessed your online 401(a) account, click the laptop below.

A 403(b) retirement account is a voluntary, standard individual retirement account (IRA) for public school employees. We partner with American Fidelity, and American Fidelity assists with the administration of your 403(b) account and contributions.

We partner with a number of different 403(b) plan providers who offer both traditional post-tax retirement plans and Roth pre-tax retirement plans.

NO! 403(b) retirement accounts are optional, but if you hope to retire comfortably someday, you should consider opening and contributing to a 403(b) retirement account.

1. Start by reviewing our 403(b) plan providers to determine which is best for you.
2. Contact the 403(b) plan provider you've selected and establish a 403(b) retirement account.
3. Once you've established a 403(b) retirement account, complete the 403(b) Salary Reduction Agreement.