18/20 Retirement Plan
| Activity: | 18/20 Retirement Plan |
| Financial Policy: | N/A |
| Related Policies: | N/A |
| Additional Forms: | 18/20 Forms http://www.indiana.edu/~uhrs/benefits/1820/forms.html |
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Things to Know: |
For the 18/20 program, the provision that 20% of the retiree’s base salary had to be budgeted for by the retiree’s unit is suspended. (Info added 5/23/2013) The 18/20 Plan has two distinct benefit components:
Full-Time Appointed Academic and Professional Staff Grade 16 and above employees who are covered by the IU Retirement Plan 15% Level of Contributions at Indiana University on or before July 14, 1988, and completed at least 20 years of continuous full-time service at Indiana University with 18 years of participation in Indiana University's IU Retirement Plan 15% Level of Contributions, and who retire on or after the participant's 64th birthday and prior to the participant's 70th birthday. Retention Incentive Pay 18/20 Plan FAQ 18/20 Plan Overview |