Participant Rights and Responsibilities Upon Transfer or Termination
Section VII.
IU Retiree Status
Employees with "IU Retiree Status" at the time of termination are entitled to certain benefit programs. These include the following programs that are explained in detail later in this section:
IU Retiree Status is determined by the following age and service criteria:
Age at Termination |
Minimum Years of Active Full-time IU Service |
55 |
30 |
56 |
28 |
57 |
26 |
58 |
24 |
59 |
22 |
60* |
20 |
61* |
18 |
62* |
16 |
63 |
14 |
64 |
12 |
65 |
10 |
*At ages 60, 61, 62, employees covered by the PERF retirement plan on the date of termination shall qualify with at least 15 Years of IU Service. The Years of IU Service requirement will be pro-rated 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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