Pension Benefits 7.8 Elected Official Retirement Under Indiana law, a person in an elected position who turns at least age 55 and has 20 or more years of PERF Hybrid-covered service credit can begin receiving a pension benefit while continuing to work in an elected position covered by PERF Hybrid. You must make the election while holding the elected position. If you choose to begin receiving monthly a pension benefit while working in a PERF Hybrid-covered position you will not earn additional service credit toward retirement; however, you must make an election to continue or discontinue additional contributions to your DC account. If you retire under this option, you must make the election as part of the online retirement application (elected officials age 55 with 20 years of service) and submit it to INPRS. See more information in subsection 7.8.1. If you are younger than age 60 and do not meet the Rule of 85, the benefit is reduced for early retirement. Elected Official Retirements cannot be back dated (retro retirement). Retired Members in Elected Positions IC 5-10.2-4-8.2 provides that if you are a member of PERF Hybrid and are receiving pension benefits and are elected or appointed to an elected position covered by PERF Hybrid, and are age 55 with 20 years of service credit, you must elect either to continue or discontinue pension benefits while the elected position is held by you. To do this, complete the form Choose to Continue or Discontinue Receiving Benefits as an Elected Official available on the PERF forms page of the INPRS website and submit it to INPRS. This election is irrevocable and cannot be changed. If you elect to continue receiving pension benefits, no creditable service will be accrued for service in the elected position. You do not have to make contributions to your DC account as required in IC 5-10.2-3-2, but may elect to do so. If you elect to discontinue receiving pension benefits, you must make the contributions to your DC account and creditable service will be earned for service in the elected position. Your pension benefit will be reinstated upon leaving office, along with any additional benefit earned while in office. 7.9 PERF Retirement for Members of PARF Per 35 IAC 1.2-6-17.2, effective July 1, 2017, if you are an active Prosecuting Attorneys’ Retirement Fund (PARF) member who meets the following criteria, you may take a PERF retirement effective on or after July 1, 2017, without separating from PARF-covered service.  If you are a PARF participant at least 55 years of age, and have accrued at least 20 years of creditable service with PERF Hybrid (early retirement reduction may apply),  If you meet the Rule of 85 and have at least 30 years of creditable PERF Hybrid service, or  If you have reached PERF Hybrid normal retirement age, as defined in 35 IAC 1.2-1-4. o A participant making such election shall not accrue additional PERF Hybrid service credit and the participant's PERF Hybrid benefit will remain unchanged despite further employment in any PERF Hybrid-covered service. o The election is irrevocable and must be made on a form approved by INPRS. Pension benefits cannot be back dated (retro retirement). Public Employees’ Retirement Fund Hybrid Plan Page 32 of 48 Member Handbook Effective: 07/01/2024