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In an effort to offset the negative impacts of inflation, Iowa lawmakers passed a law (Iowa Code Section 97B.49F) to provide lump-sum payments called dividends to retired IPERS members.

November Dividend

This dividend is provided to members who retired June 30, 1990, or before, and is aptly named for the month in which it is issued. The November dividend is paid once a year, but does not increase a retiree's monthly benefit amount.

Favorable Experience Dividend (FED)

The FED was issued to members who retired after June 30, 1990, or to their beneficiaries. The final FED payments were made in January 2014. There are no funds available to provide any additional FED payments or a substitute for the FED payments. IPERS' Benefits Advisory Committee continues to look for a solution; however, the main priority is to improve funding for IPERS' base benefits.

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