Welcome to the ERIP Web site

Indiana University is confronted with serious fiscal constraints and is undertaking organizational reviews to optimize the efficiency of administrative and academic support units. One response to these challenges is the adoption of the Early Retirement Incentive Plan (ERIP) for eligible Academic and Staff employees. Voluntary separations under ERIP are intended to achieve specific institutional objectives: reduction in salary/wage and benefit costs, redirecting positions to focus on higher priorities, or may assist in avoiding or minimizing future involuntary terminations due to reductions in personnel.

The ERIP is not intended to be an entitlement. A fundamental requirement of the ERIP is that approved applications must achieve one of the institutional objectives described above. Not every application to participate in the ERIP will be approved.

Important Dates

Questions & Answers

If I have more expenses in one year than is available in my HRA, can I get reimbursed in the following year once IU credits my HRA again?

Yes. If a claim has already been submitted and is pending the release of the reimbursement it will automatically be released once the account has been credited.

Will I forfeit my HRA balance if I don’t use it all during the year?

Any amount remaining in the HRA at the end of a year will carry forward and can be used in subsequent years to pay for eligible medical expenses.  Any funds remaining after the end of 5 years will be forfeited.

What happens if I am or will turn age 65 and become eligible for Medicare while participating in ERIP?

• All participants enrolled as the employee in an IU-sponsored medical plan on June 30, 2011 will be provided an HRA, regardless of age.
• Those who are age 65 or older at the commencement of ERIP will be credited $5,000 in their HRA each year. 
• Those who turn age 65 during the 5 years as a participant in ERIP will receive a contribution amount based on the medical plan membership level for each year that they are under age 65, then $5,000 for the years that the participant is 65 or older.

What happens to my HRA if I get another job that has medical care benefits?

• When the ERIP participant becomes employed elsewhere and is eligible for medical care benefits through their employer, the participant will no longer be considered an ‘Eligible Individual’ and will receive no additional contributions to the HRA
• The ERIP participant will have 90 days, after they are no longer deemed an ‘Eligible Individual,’ in which to submit claims for reimbursement of qualified expenses to Nyhart  in order to use any remaining funds in their HRA account.
• Any funds in the HRA account after 90 days is forfeit. 

What happens if I move to my spouse’s IU medical plan?

• When the ERIP participant becomes covered under a spouse’s IU medical care plan, the participant will no longer be considered an ‘Eligible Individual’ and will receive no additional contributions to the HRA
• The ERIP participant will have 90 days, after they are no longer deemed an ‘Eligible Individual,’ in which to submit claims for reimbursement of qualified expenses to Nyhart  in order to use any remaining funds in their HRA account.
• Any funds in the HRA account after 90 days is forfeit. 

Additional Plan information and Question & Answer sections can be found using the links to the left.