UNIVERSITY RETIREMENT PLANS
The University has two retirement plans from which you may choose, both with generous University contributions. Choosing your retirement plan is an irrevocable decision, so we urge you to give it serious consideration. One plan is a defined contribution plan and the other is a defined benefit plan.
In a Defined Contribution plan, your retirement income depends upon your individual investment returns. In a Defined Benefit plan, retirement income is determined by a formula based on your years of service and salary earned. There is a comparison of the plans below.
- IPERS and TIAA-CREF Comparison Sheet (PDF file)
- IPERS Exemption Claim Form (physicians and other professionals with private practices)
- IPERS Web site
- TIAA-CREF Plan Document (PDF file) (currently called “Plan Document”)
- TIAA-CREF Web site
- TIAA-CREF
Coralville Office
(contact and release-time information) - TIAA-CREF withdrawal Policy (Repurchase information)
- Cash withdrawal/Refund FAQs (IPERS & TIAA-CREF)
Training/enrollment
In addition to excellent retirement plan options, The University provides opportunities for free financial education for all staff:
- Multimedia
Retirement Information Modules
This includes online training on your choices and a TIAA-CREF enrollment walkthrough - Instructor-led Classes
Classes are offered monthly through the Benefits Office and UI Learning and Development. Download/print Financial Education Class Schedule (pdf)
Other Links:
- Social Security Administration
- Retirement-Frequently Asked Questions (FAQ)--Preretirement
- Group Supplemental Retirement Annuity (GSRA) information