In addition to individualized retirement counseling and planning, Retirement Readiness at IU includes two powerful tools:
- The Retirement Readiness Calculator uses current IU plan amounts and any personalized data you enter.
- The Retirement Readiness Statement (sample shown on right) is based on the results of the calculation.
- Retirement account balances are updated twice per year.
This personalized approach gives employees the ability to model an estimate of lifetime retirement income. IU sponsors retirement plans and contributes to Social Security to help employees meet income needs during retirement.
How to Save More for Retirement
IU sponsors two supplemental retirement plans to provide eligible employees with an opportunity to save additional money for retirement. To learn more visit the Supplemental Retirement Plans page.
The two supplemental retirement plans are: