Retirees > IU Retirement Plan

A participant remains 100 percent vested in his or her Plan account after termination of employment and is not required to cash-out or transfer the account.

Upon termination of employment, a participant may:

• Leave the accumulations in the account and continue to manage the investments;

• Withdraw all or a portion of accumulations (subject to income taxes and/or penalty taxes); or

• Roll over all or a portion of the accumulations to an eligible retirement plan, e.g., an individual retirement account (IRA ).

Upon termination of employment, a participant must:

1. Handle all transactions, including withdrawals and rollovers, directly with the investment company.

2. Continue to direct the investment of the Plan account.

3. Notify the investment company of any name/address change.

4. Notify the investment company of any beneficiary change.

5. Begin to receive minimum required distributions on or before the required beginning date.