Issue review : IPERS retirement dividend payments.

(2011) Issue review : IPERS retirement dividend payments. Legislative Services Agency (Legislative Service Bureau)

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11-07-11 IPERS Retirement Dividend Payments.mp3

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Abstract

The Iowa Public Employees' Retirement System, or IPERS, does not apply a traditional cost-of-living adjustment for retirement benefits. A retiree's monthly benefit payment is determined by a formula at the time of retirement and the amount does not change. Instead of adjusting the monthly benefit for inflation, the General Assembly creates two separate once-a-year payments for retirees, the November dividend for pre-1990 retirees and the favorable experience dividend, or FED for 1990 and later retirees. Available funding for the FED is estimated to be depleted within the next three years.

Item Type: Audio
Keywords: IPERS, retirement, cost-of-living
Subjects: State government
State government > State employees
ID Code: 19238
Deposited By: Timothy Skeers
Deposited On: 02 Apr 2015 19:41
Last Modified: 02 Apr 2015 19:41
URI: http://publications.iowa.gov/id/eprint/19238