Retirement

Post Doctoral students with more than a 6 month appointment who are U.S. citizens will automatically be enrolled in Iowa Public Employees Retirement System (IPERS). Contributions are automatically withdrawn from your pay and matched by the University in the following formula:

Effective date University contribution Employee contribution
July 1, 2008 6.35% of budgeted salary 4.1% of budgeted salary
July 1, 2009 6.65% of budgeted salary 4.3% of budgeted salary
July 1, 2010 6.95% of budgeted salary 4.5% of budgeted salary
July 1, 2011 Contributions to be based on actuarial valuation, not more than a .5% change annually.

For information on setting up personal access to your IPERS account and for information on the IPERS retirement program click:

http://www.ipers.org/members/index.html

For information on voluntary paycheck deduction retirement savings, pre-tax or Roth (post-tax coming out tax free) click here and here.

For additional information on saving for retirement contact Ann Doty, ISU Retirement Information Specialist at pdoty@iastate.edu or set an appointment with her by calling the HR Service Center at 515 294-4800.