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Fees

By law, IPERS is required to assess the following fees to members:

Monthly Processing Fee for Paper Checks–A $1.00 fee will be charged to members who request a paper check for their monthly benefit payment. To avoid this fee, increase security and receive your payment on the last business day of the month, provide IPERS with authorization to deposit your payment directly into your bank account.

Rollover Fee–A $5.00 fee will be charged to members who request a lump-sum payment to be distributed to more than one qualified retirement plan.

Lump-Sum Payment Fee for Paper Checks–A $1.00 fee will be charged to members who request a paper check for lump-sum refund payments.

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