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Indiana University moving away from PERF pension, passing along healthcare costs

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  • Indiana University moving away from PERF pension, passing along healthcare costs

    So I hear that starting July 1st of this year, IU will no longer be offering any sort of government ran pension plan for new hires. What is everyone here seeing and/or hearing within their departments about pensions and healthcare? I've worked for a handful of departments over the years and it seems pensions and healthcare costs are becoming more of an issue everywhere.
    Last edited by Dwntwn317; 01-10-2020, 05:00 AM.

  • #2
    A lot of universities use TIAACREF as a retirement plan. If that is the case, it is a solid system and may arguably be better than the state system. I don't see it having any affect on hiring or recruitment.

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    • #3
      Yeah, IU has used TIAA/CREF for its academic staff for a long time. I think even IUPD brass were/are covered under one of these plans because they were considered Professional Appointment instead of Service/Maintenance.

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      • #4
        My wife works for IU School of Medicine and when she went from clerical to professional she went from PERF to TIAA/CREF. PERF SUCKS!!!!! TIAA/CREFF is so much better.

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        • #5
          Sorry to rehash an old thread but just read this. Would this mean that the hiring age will raise when this changes?

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          • #6
            IUPD never had an age cap. They are under the regular PERF, not 1977 PERF. All full time officers are on PERF. SGT and above are on TIAA/CREF.

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            • #7
              IUPD reorganized and a new classification was created. They are now “Law Enforcement” instead of “Service/Maintenance.”

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