How many public pension plans does Indiana have?

Indiana has 2 public pension plans tracked by the Public Plans Database (PPD), covering 420,090 total members. These plans include state-level and local government retirement systems for teachers, police, firefighters, and general employees.

Is Indiana's pension system in crisis?

Indiana's public pension plans average 69.9% funded (#35 of 51, 5.6 points below the national average) with combined unfunded liability $13.00B. Bottom-third average funding and 0 D/F grades mark a thinner statewide book. Data is sourced from the Boston College Center for Retirement Research.

What is the average funded ratio in Indiana?

The average funded ratio across all 2 public pension plans in Indiana is 69.9% (#35 of 51 among states), based on the most recent Public Plans Database data. A funded ratio of 100% means a plan has sufficient assets to meet all projected obligations. The national average for public pensions is approximately 75.5%. Individual plan ratios in Indiana vary; browse the table above to compare specific plans.

Public Plans Database

Indiana Public Pension Plans

Name: Indiana Public Pension Plans
Creator: Boston College Center for Retirement Research
License: https://www.usa.gov/government-copyright

2 plans · bottom-third average funded ratio (#35 of 51)

Lower funded-ratio band. Indiana ranks #35 of 51 by average actuarial funded ratio (69.9%), bottom-third among states with a published average.

Avg funded ratio: 69.9%
Total unfunded: $13.00B
Total members: 420,090
Plans tracked: 2

According to the Public Plans Database, compiled by the Boston College Center for Retirement Research, Indiana’s 2 tracked plans carry a combined unfunded liability of $13.00B at an average funded ratio of 69.9%. Plan cards report FY2023 valuations; this site’s database copy was last loaded in July 2026. See our methodology for the full source and update cadence.

PPD actuarial excerpt

State roster IN Indiana

Indiana: avg 69.9% funded (5.6 points below the national average) · 0 D/F grades · unfunded $13.00B

AVG 69.9%
UNF $13.00B
MEM 420,090
N 2
DF 0
VS -5.6pt
BEST 75.5%
LOW 64.3%

Funded-ratio peers

Nearest funded-ratio peer: Alabama (69.1%)

Average funded ratio neighbourhood vs Indiana (FY2023 plan cards)

0 of 2 published-ratio plans sit under 60% actuarial assets; 0 of 2 carry a D or F health grade. How funded ratios are calculated →

Indiana in the lower-funded third

Health grades and the 69.9% state average (#35 of 51, 5.6 points below the national average) use the same FY2023 plan-card snapshot as the hero KPIs and the table below.

Health-grade counts from the same state plan rows as the roster table

Source: Public Plans Database (Boston College CRR / NASRA) As of FY2023 plan cards; history through FY2024

Average actuarial funded ratio across 2 Indiana plans (FY2023 plan cards)

Plan types in Indiana

Aggregates from the same FY2023 plan-card rows as the roster below. Averages include only plans that report a funded ratio.

Type	Plans	Avg funded	Members	Assets	Unfunded
General State	1	75.5%	419,558	$39.78B	$12.88B
Police & Fire	1	64.3%	532	$227M	$126M

Every tracked plan in Indiana

FY2023 plan-card snapshot from the Public Plans Database. ARC is the actuarially required contribution as a share of payroll where reported.

Plan	Type	Funded	Grade	Assets	Unfunded	Members	ARC	1yr return
Indiana Public Employees Retirement System	General State	75.5%	C	$39.78B	$12.88B	419,558	104.4%	7.6%
Marion County Law Enforcement	Police & Fire	64.3%	C	$227M	$126M	532	103.2%	11.7%

Read our methodology - how this data is sourced, computed, and verified.

Compare inside Indiana’s lower-funded roster

Data sourced from official Public Plans Database and actuarial valuations from federal and state pension systems. See our methodology for details. Retrieved and formatted by PlainPension · Indiana roster FY2023

Compiled by PlainPension, Pension Fund Health Editorial Process · July 23, 2026