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Welcome to ERIP-2013

Indiana University is committed to providing students with an affordable, high-quality education.  This can be challenging in today’s environment, especially when the University continues to be confronted with rising cost. To support the University’s commitments and to assist administrators in responding to various fiscal and organizational challenges, Indiana University is providing a limited-time incentive for certain employees to retire earlier than otherwise expected.  Early Retirement Incentive Plan 2013 (ERIP-2013) is for eligible Academic and Staff employees. Voluntary separations under ERIP-2013 are intended to achieve specific institutional objectives: reduction in salary/wage and associated benefit costs, redirecting positions to focus on higher priorities, or may assist in avoiding or minimizing future involuntary terminations due to reductions in personnel.

The ERIP-2013 is not a benefit to which employees are entitled. A fundamental requirement of the ERIP-2013 is that approved applications must achieve one of the institutional objectives described above. Not every application to participate in the ERIP-2013 will be approved.

Important Dates

ERIP-2013 Separations Effective May 31, 2014
March 21, 2014 Signed Separation Agreements are Due
Week of May 19, 2014 HRA Debit/Visa cards and information mailed
May 30, 2014 Last paycheck for monthly paid employees (includes any separation pay)
June 1, 2014 Contribution deposits credited to HRA accounts
June 20, 2014 Last paycheck for bi-weekly paid employees (includes any separation pay)
Week of June 23, 2014 Income Replacement payment checks processed, and mailed
Month of June 2014 Additional benefits information mailed (e.g. COBRA)

Informational Videos

General Plan Information

Application, Review, and Approval Process

Income Replacement Payment

Health Reimbursement Account (HRA)

Refresher for May 2014 Group - Webinar | PDF

 


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