Retirement from the University Process Information

There are normally two options available for retirement: Regular and Phased
This site will help you know what to do, and when to do it to ensure a smooth departure.

Regular Retirement

You must be at least 55 years of age to be eligible for retiree benefits.  If you leave the University any time after age 55, you are eligible for certain benefits.  You must contact the Benefits Office for information.  You should establish a retirement date with your department.  Contact the Benefits Office at least six weeks prior to your retirement date to schedule an appointment to complete the necessary paperwork. 

Phased Retirement

Phased retirement is an excellent benefit, however you must receive approval from your department and the appropriate administrative offices in order to participate. The request to enter the program may not be approved if it is deemed not to be in the best interest of the institution. 

For Those Considering Retirement - Regular or Phased

Prior to your retirement, you may also want to consider attending the seminar on the financial considerations of Retirement.  This seminar is offered through the Benefits Office and UI Learning and Development   Designed for employees 50 and over.

The next seminar will be held:

Thursday, April 10, 2014 - 1:00pm - 5:00pm

To register for one of these sessions, sign on to your Employee Self-Service site and go to My Training.  The retirement seminar is titled UI Preparing for Retirement. If you’d also like to have your spouse/partner attend, please email dorian-walker@uiowa.edu to reserve a seat. 

Other links

Benefits Office

Campus address
120 USB
U.S. mailing address
The University of Iowa
University Benefits Office
120 University Services Bldg.
Iowa City, IA 52242-1911
Phone
319-335-2676
877-830-4001
FAX
319-335-2776

Frequently Asked Questions

You should prepare for your retirement by gathering information regarding health and dental insurance, TIAA-CREF or IPERS, vacation and/or sick leave payout, and life insurance. After reviewing the Retirement Preparation Checklist, contact one of the Benefits Specialists at the Benefits Office, 335-2676, if you have further questions.

Merit Retirees: You, your spouse/ domestic partner, and your eligible dependents can continue on a State health plan if you and your dependents are on the plan at the time of retirement. You can also continue dental coverage for you and your dependents if you and your dependents were on the State Dental plan at the time of your retirement. If you discontinue either the health or dental plan, you cannot enroll later. Merit staff will be billed directly by Wellmark Blue Cross Blue Shield and Delta Dental. Merit Retiree health plan information and rates.

Professional & Scientific, Faculty, and Merit Supervisory Exempt Retirees: You, your spouse/ domestic partner, and your eligible dependents can continue on one of the University health and/or dental plans at the time of your retirement. At this time you may also change plans and add eligible dependents. If you retire at age 62 or older and you have been employed with the University for the last 10 years, you may be eligible to receive a contribution to your health insurance. Professional & Scientific, Faculty, and Merit Supervisory Exempt retirees can elect to be billed directly by The University of Iowa or complete a form to have it withdrawn from a bank account.  If health and/or dental are not continued after retirement, the retiree cannot later enroll in these plans. (Exception: If coverage is continued due to other employment or a spouse/ domestic partner’s employment, the retiree and spouse/domestic partner may enroll later with proof that the employment related coverage ended). Faculty, Professional and Scientific, Merit Supervisory Exempt, Merit Confidential health plan information and rates.