Indiana § 5-10.2-14-9 Duties of the INPRS board

Indiana Statutes

§ 5-10.2-14-9 — Duties of the INPRS board

Indiana § 5-10.2-14-9

Title 5STATE AND LOCAL ADMINISTRATION

Art. 10.2PUBLIC RETIREMENT AND DISABILITY

Ch. 14ESG Commitment

This text of Indiana § 5-10.2-14-9 (Duties of the INPRS board) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 5-10.2-14-9 (2026).

Text

(a)In making and supervising investments of the system, the board shall discharge its duties solely in the financial interest of the participants and beneficiaries of the system for the exclusive purposes of:

(1)providing financial benefits to participants and beneficiaries; and

(2)defraying reasonable expenses of administering the system.

(b)The board, in accordance with the fiduciary duties described in this article, shall make investment decisions with the primary purpose of maximizing the target rate of return on the board's investments.

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(a) In making and supervising investments of
the system, the board shall discharge its duties solely in the financial
interest of the participants and beneficiaries of the system for the
exclusive purposes of:
(1) providing financial benefits to participants and beneficiaries;
and
(2) defraying reasonable expenses of administering the system.
(b) The board, in accordance with the fiduciary duties described in
this article, shall make investment decisions with the primary purpose
of maximizing the target rate of return on the board's investments.