The Alternate Pension Plan (APP) is a 403(b) retirement plan option available to tenure, tenure-track and contract faculty members assigned to teach six (6) or more credit hours each semester and professional employees assigned to work twenty (20) or more hours per week.


Ball State will make the following contributions into the APP based on the employee’s date of employment or date of reemployment as follows:

  • Prior to October 1, 2010, the University contributes 12.27 percent of compensation
  • On or after October 1, 2010, the University contributes:
    • 5 percent of compensation for the first three (3) years
    • 10.5 percent of compensation beginning the pay period that contains the first day of the month following the month that contains the employee’s 3-year employment anniversary date.

A match is not required in order to receive the above contributions, nor are employee contributions allowed to the Alternate Pension Plan. However, Ball State does offer two (2) voluntary retirement plans to which employees may make income tax deferred contributions.

  1. Tax Deferred Annuity (TDA) 403(b)
  2. 457(b) Deferred Compensation Plan


Employees are immediately vested at 100 percent in the Alternate Pension Plan account.


Within 60 calendar days of their eligibility date, the employee must:

  1. Choose an investment vendor approved for the APP. (see below)
  2. Submit their election of the Alternate Pension Plan (APP) through the new hire onboarding system - see new employee email received from Human Resources.
  3. Open an account with their chosen vendor either online or through paper application, depending on the vendor requirements, and make investment elections and beneficiary designations.

If the Office of Payroll and Employee Benefits does not receive an affirmative election for the APP then the employee will be enrolled in the default Indiana Public Retirement System – Teacher’s Retirement Fund.

Vendor Options:

  • Fidelity – Online enrollment
  • Lincoln – Application form must be submitted directly to the Lincoln Representative
  • TIAA – Online enrollment
  • Voya – Application form must be completed and submitted directly to Voya

Distributions and Withdrawals

A participant may distribute or withdraw funds from their plan account 30 days following either their retirement or termination of employment. Withdrawals prior to age 59 ½ may be subject to early withdrawal penalties. Hardship distributions and loans are not allowed.

Plan Documentation