Nearing Retirement

Determining the right time to retire is a big decision and might be a difficult one. We want you to make a well-informed decision. IPERS offers many tools and resources that are available to help you plan for your retirement.

TOOLS AND RESOURCES

• My Account, Your Retirement Toolkit
  While My Account offers many tools throughout your career, as you near retirement make sure you log in to:
  • Verify or update your contact information to make sure you receive timely information from IPERS 
  • Verify or update your beneficiary information 
  • Generate an estimate of your projected benefits – review your estimate 
• IPERS Retirement Counseling Sessions
  Members who are within five years of retirement should schedule a session with an IPERS retirement counselor. This will help you understand your options and benefits as you prepare to retire. Before you schedule your appointment, it’s helpful to have a general retirement date in mind.
   
• IPERS Educational Workshops
  IPERS offers many educational workshops designed to help members plan a secure retirement. It is beneficial to attend one of these workshops within five years of retirement. You may attend them as often as you’d like and as space allows.
  • Understanding Your Retirement webinar – livestream options available throughout the year. A pre-recorded version is available to watch anytime.
  • Ready, Set, Retire workshop (for state agency employees) – held monthly via livestream or in-person
  • Creating a Secure Retirement workshop (for all IPERS members) – held monthly via livestream or in-person 
• Preparing for Your Retirement Booklet 
  This booklet provides a high-level overview of your retirement options and the retirement process. 
  • For Regular Members
  • For Special Service Members (Sheriffs and Deputy Sheriffs or Protection Occupations)
• Retirement Application
  Contact IPERS to request a retirement application. NOTE: If you have previously had a counseling session, you may have already received a copy. Send completed applications to IPERS at least 60 days before you plan to retire. IPERS must review and approve your application before you can receive benefits.