UNI staff employed by the Board of Regents for a period of at least 15 years, who are at least 57 years old. All agreements are subject to eligibility and departmental approval.
Duration of Participation
Maximum period of 5 years with full retirement at the end of the period.
Minimum appointment of 50%.
Maximum appointment years 1 to 4 is 65%. Maximum appointment year 5 is 50%. Work schedule is subject to agreement between the employee and the department.
Years 1 to 4 – salary proportionate to appointment plus incentive of 10% of budgeted salary. Year 5 – salary proportionate to appointment.
Continuation of medical, dental, life and disability insurance at full-time levels. Contributions to TIAA-CREF at full budgeted salary level. Contributions to IPERS and FICA at actual salary level.
Current program expires on June 30, 2017 unless renewed by the State of Iowa Board of Regents. Program is subject to annual review by the Board of Regents.
If you are interested in this program, please complete the Initial Request for Phased Retirement web-based form.