Permanent part-time and full-time employees, as well as Pre/Post-Doctoral Associates, are eligible to participate in the Iowa State University retirement plans. Participation in one of the mandatory savings plan options is required. Additional retirement contributions can be made into a voluntary savings plan.
Mandatory Retirement Savings Plan
Upon hire, eligible employees will elect to participate in either a defined benefit plan through the Iowa Public Employees’ Retirement System (IPERS) or a 403b defined contribution plan through the Teacher’s Insurance Annuity Association (TIAA).
Your mandatory retirement plan choice between IPERS and TIAA is IRREVOCABLE. The initial election of IPERS or TIAA may only be changed following a qualifying break in service (4 months or longer) from ISU.
If no election is made, employees will default into the mandatory plan through IPERS.
Non-benefits eligible employees who earn $1,000 in two consecutive quarters of employment are automatically enrolled in IPERS. If you have questions regarding your eligibility, or why you are required to participate, please contact the Iowa State University Fringe Benefit Accounting and Compliance Office:
Phone: 515-294-1089
Email: FBAC@iastate.edu
