University Funded Plans

Ball State employees participate in one of three university funded retirement plans: the Alternate Pension Plan (APP), Indiana State Teachers Retirement Fund (TRF), or the Public Employees Retirement Fund (PERF).

Upon eligibility, Faculty and Professional Employees may choose between the following two plans:

If the Office of Payroll and Employee Benefits does not receive an affirmative election for the APP within 60 calendar days of their eligibility date then the employee will be enrolled in the default Indiana Teachers Retirement Fund (TRF). 

As of their first eligibility date Staff and Service employees are automatically enrolled in the following retirement plan:

Voluntary Early Retirement Incentive Plan for Full-Time Faculty

On December 17, 2021, the Board of Trustees passed a resolution authoring the administration to develop and implement a voluntary early retirement incentive plan for full-time faculty (VERIP).

Visit the VERIP website to find answers to some frequently asked questions.

Read FAQs

The University also offers the following two voluntary retirement plans to help employees reach their retirement savings goals:

The Ball State University Phased Retirement Program is a program designed to give eligible University professional and staff members an opportunity for pre-retirement reduction of full-time service while phasing into retirement over a period of not more than three years.

Retiring from Ball State University

If you are considering retiring from Ball State University learn more about eligibility and Retiree Benefits.