Phased Retirement Program

Retirement contributions provided by UNI are an important
part of your future financial well being. It’s important to
understand the benefits of your current retirement plan and the
benefits you will receive in retirement. Use this page to find out more information about phased retirement.
UNI Retirement Benefits

List of Retirement Benefits


Complete List of Benefits




Frequently Asked Questions: Click Here



Forms and Resources
Phased Retirement Comparison
Initial Request for Phased Retirement Form
 



Quick Tips
Maximum period of 5 years with full retirement at the end of the period.

Maximum appointment years 1 to 4 is 65%.

Maximum appointment year 5 is 50%.

All agreements are subject to eligibility and departmental approval.
 


Description of Iowa Board of Regents Phased Retirement Program

Eligibility
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.


Compensation
Years 1 to 4 – salary proportionate to appointment plus incentive of 10% of budgeted salary. Year 5 – salary proportionate to appointment.


Benefits
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.


Duration
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.












| HRS Privacy Practices Notice | Trouble Viewing Content? | hrs-mail@uni.edu |

Date Updated:July 22, 2013