All about the IU Replacement Retirement plan
To be a participant in this plan, you must be an active participant in the IU Retirement Plan at that 15% contribution level, which means you must be a 100% full-time equivalent (FTE) academic, Exempt staff, or eligible Non-Exempt staff (PAO & PAU) employee, (grade 16 and above), who was hired in an appointed position before January 1, 1989.
Participant List Requirement
You must be listed as an eligible participant in the IU Replacement Retirement Plan Eligible Participant List (Section H of the IU Replacement Retirement Plan Summary of Plan Provisions Document).
To be listed as an eligible participant in the Eligible Participant List, you must have satisfied one of the following criteria:
- Had an initial date of employment with Indiana University after July 14, 1988; or
- Had initiated participation in the IU Retirement Plan at the 15% contribution level after July 14, 1988
The following individuals are prohibited from participating in the plan:
- Geological survey department employees
- Employees associated with an external agency agreement that does not accept early retirement plan participation
IU requires that you must be in a paid status for a minimum of a semester prior to retiring and being eligible for benefits under this retirement plan.
