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Eligibility

Full-time Academic and Staff employees of Indiana University are eligible to apply for the ERIP if, as of June 30, 2011, the employee:

  1. Satisfies the age and service requirements for IU Retiree Status (see table below)

OR

  1. Is at least 60 years old with at least 10 years of full-time service with the University. (Full-time service means the years of full-time appointed service at Indiana University.)

IU Retiree Status

Age as of
 June 30, 2011
Minimum Years of IU Service as of June 30, 2011 **
55
30
56
28
57
26
58
24
59
22
60
  20 *
61
  18 *
62
  16 *
63
14
64
12
65 or over
10

* Employees covered by the PERF retirement plan at the time of separation shall qualify for IU Retiree Status with at least 15 years of full-time IU service.

** “Years of IU Service” means the years of full-time appointed service at Indiana University, excluding periods of leave without pay (LWOP.); however, sabbatical leaves and other leaves for research are included.