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Indiana University

University Human Resources

Retirees

Please choose a benefit plan below to view instructions for making changes to the plan. To qualify as a Retiree, a former Indiana University employee must have retiree status, according to the age and service requirements in the table below.

Benefits for IU Retirees

Conversion of Insurance Policy

Within 31 days of the date of retirement, the following plans can be converted to an individual policy.

Retirement/Investment

 

Retiree Status

* Separation from IU or employment status change that results in discontinuation of Basic Life Insurance benefits.

** Employees covered by the PERF retirement plan: Retiree status is reached with at least 15 years of IU service for employees separating at ages 60, 61, or 62.

** Support and Service staff employees appointed on or after July 1, 2013: Retiree status is reached with at least 15 years of IU service for employees separating at ages 60, 61, or 62.

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.

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
   

 

 

 

 

 

 

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Page updated: April 2016
UNIVERSITY HUMAN RESOURCES
Contact Benefits: • (812) 855-2172