(2008) FY2008 Annual Summary July 1, 2007 - June 30, 2008. Iowa Public Employee Retirement System
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cafr2008summary.pdf File Size:536kB |
Abstract
It’s really quite simple. IPERS is a sure thing. IPERS benefits carry a lifetime guarantee. A bad economy and declining stock market do not decrease your benefits. Instead, your benefit amount is determined by a pre-established formula that replaces a percentage of your pre-retirement wages. How close your benefits get to the maximum of the IPERS plan—replacing 65 percent of pre-retirement wages or 72 percent for public safety personnel—is mostly up to you. Current employees don’t have to worry about where to invest or what to do when there is a slump in the stock market. Retirees don’t have to worry that a down market will reduce their monthly payments, and they never have to worry about outliving their IPERS benefits. Disability payments and death benefits act as a safety net for members and their families.
| Item Type: | Departmental Report |
|---|---|
| Keywords: | IPERS, Benefits, Annual Summary |
| Subjects: | State government > State finance State government > State employees State government |
| ID Code: | 12942 |
| Deposited By: | Margaret Barr |
| Deposited On: | 01 May 2012 18:43 |
| Last Modified: | 01 May 2012 18:43 |
| URI: | https://publications.iowa.gov/id/eprint/12942 |