(2011) Issue review : IPERS retirement dividend payments. Legislative Services Agency (Legislative Service Bureau)
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Audio
11-07-11 IPERS Retirement Dividend Payments.mp3 File Size:21MB |
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: | Users 1063 not found. |
| Deposited On: | 02 Apr 2015 19:41 |
| Last Modified: | 02 Apr 2015 19:41 |
| URI: | https://publications.iowa.gov/id/eprint/19238 |