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Participant Rights and Responsibilities
Upon Transfer or Termination

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Indiana University

Participant Rights and Responsibilities Upon Transfer or Termination

Section VII.
IU Retiree Status

Employees with "IU Retiree Status" at the time of termination are entitled to certain benefit programs. These include the following programs that are explained in detail later in this section:

IU Retiree Status is determined by the following age and service criteria:

Age at Termination*
Minimum Years of Active Full-time IU Service
55
30
56
28
57
26
58
24
59
22
    60**
20
    61**
18
    62**
16
63
14
64
12
65
10

*Separation from IU or employment status change that results in discontinuation of Basic Life Insurance benefits.

**At ages 60, 61, 62, employees covered by the PERF retirement plan on the date of termination shall qualify with at least 15 Years of IU Service.

The Years of IU Service requirement will be pro-rated for ages that fall between the ages that are listed in the above table.

"Years of IU Service" means the years of full-time appointed service at Indiana University, excluding periods of leave without pay. However, sabbatical leaves and leaves for purposes of research of distinction are included.



 

Page updated: 28 May 2013
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