Manage Benefits

Making changes to your retirement benefits

Even as an IU retiree, the only constant is change. Now more than ever, it’s important that you have the freedom and flexibility to manage your finances in the way that fits your life. Whether you need to change your beneficiaries or use your retirement account as a line of credit, IU is here to support your ever-changing retirement needs.

If you are looking to retire in the near future or distant future, you’re never too early to start planning for your future. Take a look at our retirement eligibility and retirement planning pages to map out your path to retirement.

Check your retiree status eligibility     Plan for retirement

Change your beneficiaries

As a retiree, you can make beneficiary changes at any time. Whether someone close to you dies or you welcome a new grandchild, you have 24/7 access to your Fidelity and PERF accounts to keep your beneficiary information up to date.

Fidelity Accounts
To update beneficiary information over the phone, contact Fidelity at 800-343-0860. To update your beneficiaries online:

  1. Login to Netbenefits.com/Indiana
  2. Select Accounts & Benefits under the IU logo
  3. Select Update your beneficiaries
  4. Click the gray Edit button next to the plan you wish to make changes for
  5. Add new beneficiaries or make changes to your current beneficiary’s personal information:
    1. Select the blue Add a Primary Beneficiary button to add a new beneficiary
    2. Select Edit next to the beneficiary you wish to make changes to
  6. Enter or update the desired benefit percentage in the box
  7. Select the Yes/No button to apply the beneficiary settings to all of your eligible plans
  8. If applicable, repeat steps 4 – 6 for each plan account
  9. Once you have made all of your desired changes scroll down and select the blue Save All button to submit your changes.

PERF Accounts
Update you beneficiaries online by following these instructions:

  1. Login to MyINPRS
  2. Go to My Account
  3. Click on the Beneficiaries tab
  4. Follow the prompts to change/update your beneficiaries

If you are already retired, and would like to change your beneficiaries call 844-GO-INPRS.

Change your investments

You are more than welcome and encouraged to keep an eye on your investments after retirement and to continue to make adjustments as the market fluctuates. Use the instructions to make changes to your Fidelity and PERF accounts.

Fidelity:
You can change your investments at any time through Fidelity NetBenefits:

  1. Log in to Netbenefits.com/Indiana
  2. Click the plan name for the account you wish to make changes to.
  3. Click the Investments tab.
  4. Select Change Investments.
  5. Follow the online prompts to change and submit your investment elections.

PERF:
If you are a PERF participant, you can change your Defined Contribution (DC) account investments by calling PERF customer service center at 1-888-526-1687, or by logging on to www.in.gov/inprs.

Additional changes

Update your beneficiaries for Life Insurance: Beneficiary Designation Form

Make changes to your medical plans (including change of address, dropping dependents, dropping coverage, etc.): Visit Anthem.com

Schedule a one-on-one retiree consultation with IU Human Resources via askhr@iu.edu or by calling 1-812-856-1234.