Retirement from the University Process Information

There are normally two options available for retirement: Regular and Phased

University of Iowa Retirement Plan Comparison Chart

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. 

Early Retirement Incentive Program

From time to time, early retirement programs are approved as a tool to help the University address specific budget shortfalls.

To Learn More about Preparing for Retirement

Prior to your retirement, you may also want to consider attending the session on the financial considerations of Retirement.  This UI "Preparing for Retirement" session is offered through the Benefits Office and UI Learning and Development.

The next sessions will be held:

April 18, 2019, 1:00 pm - 5:00 pm

Presentations from April's Session:

September 30, 2019, 1:00 pm - 5:00 pm

To register for one of these sessions, sign on to your Employee Self-Service site and go to My Training. If you’d also like to have your spouse/partner attend, please email to reserve a seat. 

Other links

ABOUT OUR SITE: The information presented on our website describes only the highlights of the plans and does not constitute official plan documents. Additional terms and conditions apply. If there are any discrepancies between the information contained herein and the official plan documents, the plan documents will govern.

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
Monday-Friday 8am-5pm

Frequently Asked Questions

You should prepare for your retirement by gathering information regarding health and dental insurance, TIAA 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.

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. 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). Health plan information and rates.