Actuary warns Vanderburgh County sheriff pension faces shortfall unless county increases contributions
An actuary told the Vanderburgh County Council the sheriff pension earned 10.1% in 2024 but still shows a funding gap; the plan is about 77.8% funded on a market-value basis and may need additional contributions to meet state oversight expectations.
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Kevin Carey, a credentialed consulting actuary with Neihardt, told the Vanderburgh County Council on July 2 that the Vanderburgh County Sheriff’s Office pension plan posted an approximate 10.1% net investment return in 2024 but still shows a funding shortfall that could require additional county contributions.
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