The IU Supplemental Early Retirement Plan (IUSERP) is a legacy retirement plan for employees who meet specific criteria, including being appointed to a full-time position between January 1, 1989, and June 30, 1999.
This is a section 401(a) money purchase pension plan fully funded by the university. IU contributes 2.4% of your budgeted base salary (excluding supplemental pay) each pay period. Employees cannot make additional contributions.
You become 100% vested in this plan at age 55 while actively employed. You also become fully vested upon death or disability (as defined by Social Security). If you pass away with at least 10 years of full-time IU service, you are considered fully vested.
The information on this page is only a summary. Review the IUSERP plan document for full details about the plan.
