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Indiana University
Benefits Change Connection

Retirees
IU 457(b) Retirement Plan
(formerly known as IU Retirement Savings Plan)

A participant remains 100 percent vested in his or her 457(b) plan account after termination of employment and is not required to cash-out or transfer the account.

Upon termination of employment, a participant may:

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 457(b) 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.