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Money Coming Back To Indiana Taxpayers And Pension Funds Get Boost


Gov. Mitch Daniels handed out some big checks yesterday to Indiana's government retirees.

The checks are designed to protect the pension funds that pay their benefits.

The checks totaled almost $361 million.

An equal amount from the surplus will go to taxpayers as refunds next spring all though the exact amount of each taxpayer check has yet to be determined.

Daniels said the checks are a direct result of state government's frugal ways and that they should give retirees confidence in their financial security.

The Teachers Retirement Fund got the biggest chunk -- $207 million -- with the rest going to judges, state police, prosecutors and conservation, gaming and excise officers.