In two years the state can privatize part of the public pension system. Some lawmakers say that will lead to a rush of retirements.
The Public Retirement System Board voted last summer to privatize annuity savings accounts offered to public employees and teachers.
After a legislative panel directed the Indiana Public Retirement System Board not to privatize some savings accounts, it's unclear how the board will set rates.
Public sector unions are asking the legislature to stop plans to shift control of a part of the state’s public employees’ pension system to a private company.