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Information on Pensions
- How do I know how much money I have in my pension account?
You will receive quarterly statements of account from each vendor with which you have money. If you are with TRF or PERF, you will need to request an estimate within one year of the date you are eligible to receive a pension benefit in order to see your monthly pension amount. Or, you may go to the TRF or PERF web site and calculate an estimate.
- I'm in PERF/TRF. How much money am I contributing and how much does Ball State match?
The contribution to PERF is made up entirely of University contributions. Nothing is deducted from your paycheck.
- I'm in PERF. Does BSU have another pension plan for me?
BSU offers a Tax Deferred Annuity Plan. This is a plan whereby you may have money deducted from your paycheck on a tax deferred basis. That money is then invested by a vendor of your choice per your instructions. You may chose among 6 available vendors. See related links at right.
- What happens to my pension if I leave the university?
See the Life Event Chart in our related articles at right.
- Can I withdraw money from my pension account?
Not as long as you remain employed by the University in any capacity.
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