IPERS was created by Iowa Legislature in 1953 to provide a dependable and economical retirement plan for Iowa's public employees.  IPERS retirement benefits are intended to help Iowa's public employers attract and retain qualified personnel in public service.  The benefits also help public employees care for themselves during retirement.

IPERS is a defined benefit plan with qualified plan status under Federal Internal Revenue Code section 401(a).  A defined benefit plan provides a lifetime benefit calculated using a formula.  Benefits grow with you during your working career.  As your years of service and salary increase, IPERS benefits also grow.  At retirement, you receive the benefit you earned regardless of the performance of the stock market.

For much more information, please visit https://www.ipers.org.

source:  IPERS member handbook

Effective July 1, 2018, rates increased to 6.29% employee withholding and 9.44% employer.  This rate will remain the same for FY21, FY22 and FY23.

For questions regarding IPERS and other employee benefits, please contact Natalie Johnson, Business Services Manager.

For those considering retirement or wanting to learn more about retirement, IPERS has provided a Road to Retirement planning guide.