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Retirement Information: Planning Your Retirement from IUP

Important: There are different eligibility criteria for the full (non-reduced) retirement benefit (SERS and PSERS members), for the majority paid health and prescription drug coverage after retirement (the plan includes coverage for both Medicare eligible and non-Medicare eligible retirees and their dependents), and for receiving a payout of unused sick leave.

If you are considering retirement, you are strongly encouraged to contact the Office of Human Resources at (724) 357-2431 to verify your eligibility for these benefits before you submit your letter of retirement and/or before you sign your retirement paperwork with your retirement counselor.

  • Retirement Planning Guide: Faculty 
  • Retirement Planning Guide: Managers, Coaches, OPEIU, SCUPA, and SPFPA Employees — Coming Soon
  • Retirement Planning Guide: AFSCME and PSSU Employees — Coming Soon

    To retire, you must first contact your retirement plan (SERS, PSERS, or ARP) and arrange for your retirement annuity. See a schedule of on-campus retirement counseling dates: Retirement Counseling Schedule

Retirement information is also available from the following websites:

Retirement

State Employees Retirement System (SERS):

  • Normal Retirement: Age 60 with three years of service, or any age with 35 years of service.
  • Early Retirement: Under age 60 with five or more years of service. Benefit is actuarially reduced based on age or service.

SERS Guide for Retiring Members

Public School Employees Retirement System (PSERS):

  • Normal Retirement: Age 62 with one year of service, age 60 with 30 years of service, or any age with 35 years of service.
  • Early Retirement: Under age 62 with five or more years of service. Benefit is actuarially reduced based upon age and service. Age 55 with 25 years of service with a 3 percent reduction applied for each year under normal retirement. Reduction not greater than 15 percent of annual maximum.

PSERS Guide for Retiring Members

Alternative Retirement Plan (ARP) (Fidelity Investments, TIAA-CREF, VALIC):

  • Normal Retirement: Any age; however, normal retirement is age 60. Annuity is based upon employee/employer accumulations (contributions plus interest and earnings).
  • Early Retirement: Any age. Annuity is based on employee/employer accumulations (contributions plus interest and earnings).

Lifetime Annuity Options

For further information, please contact the Benefits Office.

  • Human Resources Office
  • Sutton Hall, Room G8
    1011 South Drive
    Indiana, PA 15705
  • Phone: 724-357-2431
  • Fax: 724-357-2685
  • Office Hours
  • Monday through Friday
  • 8:00 a.m.–4:00 p.m.