A plan designed for you
Your IPERS benefits are guaranteed for life. Once you retire, you will receive the same monthly benefit for the remainder of your life.
Unlike a 401(k) or similar plan, your benefit won't fluctuate with the stock market.
How IPERS works
Both you and your employer contribute to IPERS. Your contributions are pooled and invested to pay for future benefits. At retirement, your benefit is calculated based on your age at retirement, average salary and years of service. The longer you work in public service, the larger your benefit.
How your retirement benefit is calculated
IPERS calculates your retirement benefit using a formula that includes your age, years of service and your highest average salary.
Learn how your benefit is calculated
My Account, your IPERS retirement toolkit
Use My Account to access your individual retirement benefits information and:
- Assign or change your beneficiary
- View a history of all your contributions to IPERS
- View a printable copy of your Annual Benefits Statement
- Schedule an appointment with an IPERS retirement counselor
- Enter various scenarios to generate a real-time benefit payment, service purchase or refund estimate
- Update your contact information