For Admissions Information:
E-mail or call: 1-800-482-4278.
For campus information
using Telecommunications
Devices for the Deaf (TDD).

Do you have a question?
Copyright © 2000.
Ball State University.
Muncie, IN 47306.
All rights reserved.
Equal Opportunity and
Affirmative Action.

PERF is administered by the State of Indiana.  The PERF benefit consists of two parts: an annuity and a pension.

The annuity is financed by your contributions.  The University "picks-up" i.e. pays, your contribution in the amount of 3% of your gross pay commencing with the first day of employment or July 1, 1989, whichever is later.  These contributions are credited to your annuity savings account.  In addition, at retirement, the "pick-up" amount is included in the salaries used to determine final average salary for purposes of calculating your pension.  The amount of your benefit is based on the balance in your account at the time benefits commence.

The pension, the larger part of your benefit, is financed by the University.  The University contributes an amount required to provide the pension determined by PERF.  The amount of the benefit is based on your "highest 20 calendar quarters" average salary, your age, your years of service and retirement options selected.

If you are at least 65 years of age and have at least ten or more years of creditable service, you are entitled to a full retirement benefit.  Early retirement with a reduced benefit is offered if you are at least 50 years of age and have at least 15 or more years of creditable service.

[Membership] [Your Contributions] [Creditable Service] [Two Parts of Your Retirement Benefit] [Estimating Your Benefits] [Vested] [When Retirement Benefits Begin] [Retirement Options Available] [Annuity Account Options Available] [Benefits to Survivors] [Beneficiaries] [Disability Benefits] [If You Leave the University]