Retiree Status and Benefits
Eligibility
Employees with IU Retiree status at the time of separation--or employment status change that results in discontinuation of Basic Life Insurance--are entitled to certain benefit programs. These include IU Tuition Benefit, Life Insurance, and Medical care.
IU Retiree status is determined by the following age and service criteria:
| Age at separation* | Minimum Years of Service |
55 |
30 |
56 |
28 |
57 |
26 |
58 |
24 |
59 |
22 |
60** |
20 |
61** |
18 |
62** |
16 |
63 |
14 |
64 |
12 |
65 or over |
10 |
* Separation from IU or employment status change that results in discontinuation of Basic Life Insurance benefits. **At ages 60, 61, 62, employees covered by the PERF retirement plan on the date of separation shall qualify with at least 15 years of IU service. The “Years of IU Service” requirement will be prorated for ages that fall between the ages that are listed in the above table. "Years of IU Service" means the years of full-time appointed service at Indiana University, excluding periods of leave without pay. However, sabbatical leaves and leaves for purposes of research of distinction are included. |
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Additional Questions?
For questions about retiree status contact the University Human Resource Services Benefits Specialist or 812-856-4459.
