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Indiana

Indiana has one main public pension system, the Indiana Public Retirement System (INPRS). The INPRS oversees the Teachers’ Retirement Fund (TRF), the Public Employees’ Retirement Fund (PERF), the Police Officers’ and Firefighters’ Pension Fund, Judges’ Retirement System (JRS), the Prosecuting Attorneys’ Retirement Fund, the Legislators’ Retirement System (LRS), and the State Excise Police, Gaming Agent, Gaming Control Officer and Conservation Enforcement Officers’ Retirement Plan (EG&C Plan).

The INPRS board represents all eligible state and municipal employees; the board consists of 9 members: 3 Ex Officio (State Auditor, State Treasurer, Office of Management and Budget General Council, and Policy Director); 6 appointed by the Governor.

The “By Asset Manager” and “Asset Manager Voting” tables show the proxy voting records of the state’s asset managers who manage the pensions’ stock market portfolio through index, exchange-traded, or mutual funds. Since these are externally managed funds, the asset managers typically retain and exercise proxy voting privileges. This data is used to calculate the state’s pro-ESG and anti-ESG scores to see how the state leverages its externally managed funds in proxy voting.

The “State Voting” table shows INPRS proxy voting records for directly owned securities through pension fund portfolios. This data was obtained by a Freedom of Information Act (FOIA) request since Indiana does not publicly disclose this information to its pensioners. The 1792 Exchange encourages Indiana to publish its proxy voting records instead of keeping its pensioners in the dark about how the state votes on ESG issues with their money.

Both tables are important to show a comprehensive picture of the state’s proxy voting record.

By Asset Manager

AQR Funds