You can retire from IU at any time, but to receive IU retiree status and benefits, you must meet specific age and service criteria. If you qualify, you’ll gain access to a wide range of retiree benefits and perks including life insurance, healthcare coverage, and subsidized tuition for IU courses
Confirmation of your eligibility should be requested through IU Human Resources at askHR@iu.edu or 812-856-1234 prior to retirement.
To qualify for IU retiree status, you must meet the following age and service criteria at the time of separation:
| Age of separation | Minimum years of service |
|---|---|
| 55 | 30 |
| 56 | 28 |
| 57 | 26 |
| 58 | 24 |
| 59 | 22 |
| 60* | 20 |
| 61* | 18 |
| 62* | 16 |
| 63 | 14 |
| 64 | 12 |
| 65 and over | 10 |
*For employees covered by the PERF retirement plan, IU retiree status is reached at age 60, 61, or 62 with at least 15 years of IU service.
Separation: When your IU employment ends or changes such that your IU-sponsored basic life insurance is discontinued.
Years of IU service: Years of full-time appointed service at IU. Sabbaticals and leaves for purposes of research of distinction are included in the years of service calculation, however some periods of leave without pay may not be counted.
The years of IU service requirement is prorated for ages that fall between the ages that are listed in the above table. Employees can contact IUHR Customer Care to inquire about their specific years of service calculation to determine retiree status.
Contact IU Human Resources at askHR@iu.edu or 812-856-1234 to request a 1:1 consultation to review your eligibility for IU retiree status, learn about the associated benefits, or discuss your options for retirement.
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