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Unlike Social Security, IPERS does not provide a cost-of-living adjustment to most retirees. Once you retire, your IPERS benefit amount is guaranteed for life, but won't ever increase. Therefore, it is important to build up personal savings while you are working.

Favorable Experience Dividend (FED)

The FED was paid between January 1999 and January 2014, to retirees who retired after June 30, 1990. No funding is available to provide any additional FED payments or a substitute for the FED payments.

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, and does not increase a retiree's monthly benefit amount.

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