Iowa Board of Regents to set uniform retirement benefits - KWWL - Eastern Iowa Breaking News, Weather, Closings

Board of Regents ready to set uniform retirement benefits at Iowa Universities


DES MOINES (KWWL)-- Retirement benefits may soon be changing at Iowa's three public universities.

The president of the Iowa Board of Regents says board members will look to recommend a uniform retirement benefit for the state's universities.

As a cost saving measure this year, retirement contributions were cut from 10 percent to 8 percent at the University of Iowa in Iowa City, Iowa State University in Ames, and the University of Northern Iowa in Cedar Falls.

On July 1, those numbers will change. At Iowa State, contributions will be 10 percent.  At UNI, they drop to 9 percent. Iowa will have an 8 percent contribution for benefits.

Board members will select a task force to study retirement policies at other state universities and plan to make a uniform policy recommendation next summer.

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