About IPERS
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Overview
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IPERS is the state’s largest public retirement system. We are committed to transparent communication with our members, lawmakers and all Iowans.

The Iowa Legislature created IPERS in 1953 to attract and retain quality public employees, including those who teach our children, maintain our roads and parks, care for our most vulnerable residents, and protect our citizens. Today, IPERS is a $40 billion trust fund that pays more than $2.3 billion in annual benefits.

  • 1 in 10 Iowans is an IPERS member.
  • IPERS represents more than 375,000 members.
  • Retirees living in Iowa receive the greatest share of IPERS’ annual benefit payments, $2 billion, collectively. Residents reinvest this money in their communities and grow the local and state economies.
     
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Governance
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The Iowa Legislature and Governor are the plan sponsors who determine membership qualifications and benefits. Federal and state laws govern the administration of the IPERS plan.

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Request for Proposals
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IPERS issues requests for proposals, quotes and/or information to engage in partnerships that support various projects, studies and other initiatives.

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Consumer Protection
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IPERS is committed to protecting your personal information and takes steps to prevent fraud and identity theft. 

We do not ask members to provide personal information such as Social Security numbers or bank account information by email, which is not a secure form of communication. 

The safest way to communicate with IPERS is by phone or through My Account, your IPERS retirement toolkit. This secure, online tool allows you to view your history of correspondence from IPERS, view a record of your IPERS contributions, update your beneficiary(ies), bank, contact information and more.

 

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Fees
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By law, IPERS is required to assess the following fees to members:
 
Monthly Processing Fee for Paper Checks: A $1.00 fee will be charged to members who choose to receive their monthly benefit payment by check. To select free direct deposit, complete and sign the Direct Deposit Authorization form.
 
Rollover Fee: A $5.00 fee will be charged to members who request that a lump-sum payment to be distributed be more than one qualified retirement plan.
 
Lump-Sum Payment Fee for Paper Checks: A $1.00 fee will be charged to members who request a paper check for lump-sum refund payments.

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