Do the changes reported affect whether or not IPERS pays the November dividend and Favorable Experience Dividend?

 Many of the changes to the IPERS plan in Senate File 2424 affect only contributing members who have not yet retired. However, any change that helps make IPERS a stronger plan will benefit all members in the end.  Setting contributions at the right level helps IPERS’ overall funding, which affects IPERS’ ability to pay the dividends.  
      By law, IPERS must pay the November dividend for those who retired before July 1, 1990, but an increase is not guaranteed. The Favorable Experience Dividend payment for post-July 1990 retirees is not guaranteed, but IPERS has enough money to continue paying it for several years.