On June 2, 2026, Governor Reynolds signed HF1023 that enhances benefits for IPERS Protection Occupations members beginning July 1, 2026.
Provisions of the bill include the following:
- Employers and members will split contributions to IPERS based on both paying 50% of the required rate. Contribution rate information is available on the IPERS website.
- Members who retire on or after July 1, 2026, are eligible for a 1.5% annual compounding cost-of-living adjustment. Retirees who are eligible for the COLA must be:
- At least 55 years of age prior to ending employment,
- Have at least 22 years of eligible service, and
- Must retire as a member of the Protection Occupations group.
- The multiplier that is used to calculate retirement benefits increases to a maximum of 80% with 30 years of service. (The maximum multiplier is currently 72%.)
Until IPERS’ pension administration system software is updated, IPERS will determine retirement benefit payments and estimates based on the current formula. IPERS will update benefit payment amounts retroactively as soon as possible.
IPERS' actuaries will consider the cost of the legislation in their next valuation. Those contribution rates will be announced this fall.
IPERS will update its website and other materials on July 1, 2026, to reflect these benefit enhancements.
Inquiries
Protecting member information is among IPERS’ top priorities. Rather than sharing potentially confidential information by phone or email, employers should communicate all questions to IPERS securely using the Messages feature in I-Que. Please reference IPERS Employer Bulletin - Benefit Enhancements for IPERS Protection Occupation Members.
877-IPERS-99 (877-473-7799)
Office hours: 8 a.m. – 4:30 p.m., Monday-Friday