IPERS definition
Examples of IPERS in a sentence
The State agrees that with regards to employees in positions designated by IPERS as Protection Occupation positions who have reached retirement eligibility and have separated from employment with the State, but who have not yet begun to receive IPERS retirement benefits, it will work with the Union to establish terms for their use of this benefit.
Such an amount as is necessary shall be withheld from the TSS appropriation to make the necessary employer contributions to FICA and IPERS.
Upon retirement in accordance with the provisions of the Iowa Public Employees Retirement System (IPERS), or upon the death of an employee, the employee or his/her next of kin shall receive payment as follows: For those employees hired prior to July 1, 2000 the employee may choose between option A or B below.
The amount paid by the District, including the District's share of FICA and IPERS will be equal to the amount received from the state for this purpose.
In making the calculation, the TSS amount allocated to the School District shall be reduced by the District portion of cost of IPERS and FICA before making the calculations.
Employees entitled to retire under the IPERS program who leave the district's employment may remain a part of the group health and major medical insurance program at their own expense.
Upon bonafide retirement with IPERS, Employees shall receive a cash payout of up to $4,000 for accumulated, unused sick leave converted at the employee’s current hourly rate.
Additional Board costs for IPERS, FICA, Workers' Compensation Insurance, Long Term Disability Insurance, and any other Board costs caused by an increase in salaries shall be included in the additional funds.
The Board will continue to distribute the actual amount of teacher salary supplement received minus the Board costs for IPERS and FICA.
The employee must provide proof prior to receiving any benefits that they have requested to draw IPERS no later than the end of the fiscal year following the date of.