Indiana Public Retirement System

Rob Crawley / flickr.com/photos/robcrawley/3114271990

The Indiana Public Retirement System is set to go before the U.S. Supreme Court next month, where justices will decide if it can sue a publicly-traded company for alleged securities fraud.

In June of 2011, Science Applications International Corporation – or SAIC – issued a statement to the market detailing how it was under a criminal investigation for a group of employees’ kickback scheme in New York City.

The Indiana public pension fund had bought stock in the company shortly beforehand, and claims that information should’ve been made public much earlier.

Members of a legislative panel are asking the Indiana Public Retirement System Board (INPRS) to back down from its decision allowing a private company to manage part of public employees’ pensions. 

INPERF annuity changes rile retirees

Sep 24, 2013

Public sector unions say Indiana public employees stand to lose thousands of dollars in retirement benefits under a change proposed by the Indiana Public Retirement System Board.  The unions are asking the legislature to halt plans to hand over control of a part of the state’s public employees’ pension system to a private company.