For New Members—
Protection Occupations
Welcome to IPERS |
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Contributing to IPERS
Both you and your employer contribute to IPERS. IPERS invests the contributions and holds the investment income in a Trust Fund for the exclusive purpose of paying benefits to members and their beneficiaries. If you leave public employment before you retire, you may keep your money at IPERS, roll it over to another qualified retirement plan that meets IRS requirements, or take a refund.
| IPERS Trust Fund |
Contributions
From Active
Members
and Employers |
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Lifetime Retirement Benefits
Disability Benefits
Death Benefits
Refunds |
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The IPERS Trust Fund must be used for
the exclusive benefit of members. |
IPERS members pay different contribution rates depending on their membership class. The Iowa Legislature determines which job classifications are included in each membership class. Contribution rates for sheriffs, deputy sheriffs, and members in protection occupations are actuarially determined. Each year, you will receive notification of the current rates. Current rates are also available on the IPERS Web site.
Benefits of Contributing to IPERS
- Automatic retirement savings. Automatic deductions from your paycheck ensure you set aside retirement savings. Despite good intentions, it’s sometimes hard to save for retirement on your own.
- Income you won’t miss. Since the deductions come out of your check automatically, you won’t miss the income. Deductions are set aside before they hit your bank account.
- Pretax deductions reduce your taxable income. Setting aside money on a pretax basis reduces your taxable income. You will pay less at tax time.
- It’s easy. IPERS manages how plan assets are invested so you don’t have to worry about making investment decisions. You focus on today, while IPERS focuses on your retirement years.
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