Table of Contents 1 Overview ........................................................................................ 5 1.1 Teachers Retirement Fund ........................................................................................................................5 1.2 Indiana Code Governing TRF Hybrid ........................................................................................................5 1.3 Administration of System and Funds .........................................................................................................5 1.4 Board of Trustees ......................................................................................................................................5 1.5 INPRS Vision, Mission, and Values ...........................................................................................................5 1.6 Important Terms ........................................................................................................................................6 1.7 Contacting INPRS ......................................................................................................................................6 2 Membership .................................................................................... 8 2.1 Eligibility .....................................................................................................................................................8 1996 (‘96) Fund .............................................................................................................................................8 Pre-1996 (Pre ‘96) Fund ................................................................................................................................8 Substitute Teaching .......................................................................................................................................8 2.2 Ineligibility ..................................................................................................................................................9 2.3 TRF Hybrid Plan or TRF My Choice: Retirement Savings Plan ................................................................9 2.4 Enrollment ..................................................................................................................................................9 2.5 Suspension of Membership .......................................................................................................................9 2.6 Designation of a Beneficiary ......................................................................................................................9 2.7 Personal Information ............................................................................................................................... 10 3 Contributions ................................................................................. 11 3.1 Employer Contributions .......................................................................................................................... 11 3.2 Member Contributions ............................................................................................................................ 11 Voluntary Member Contributions ................................................................................................................ 12 3.3 Rollover Funds into TRF Hybrid ............................................................................................................. 12 3.4 Internal Revenue Code 401(a) 17 Limits ................................................................................................ 13 3.5 Quarterly Member Statement ................................................................................................................. 13 4 Service Credit ................................................................................ 14 4.1 Vested Status ......................................................................................................................................... 14 4.2 General Service Credit Rules ................................................................................................................. 14 One-Seventh (1/7th) Rule ........................................................................................................................... 14 Purchase of Airtime Rule ............................................................................................................................ 15 Minimum of One Year ................................................................................................................................. 15 10-Year Requirement ................................................................................................................................. 15 4.3 Other Types of Service Credit ................................................................................................................ 15 Out of State Service Credit ......................................................................................................................... 15 PERF Hybrid Service Credit ....................................................................................................................... 15 Military Service ........................................................................................................................................... 16 4.4 Leave of Absence ................................................................................................................................... 17 Leave of Absence and the 1/7th Rule ........................................................................................................ 17 Family and Medical Leave Act (FMLA)....................................................................................................... 18 Other Paid Leaves ...................................................................................................................................... 18 Other Granted Leaves ................................................................................................................................ 18 4.5 Disability Service Credit .......................................................................................................................... 19 Teachers' Retirement Fund Hybrid Plan Member Page 2 of 47 Handbook Effective: 07/01/2024