FY2008 Annual Summary July 1, 2007 - June 30, 2008

It’s really quite simple. IPERS is a sure thing. IPERS benefits carry a lifetime guarantee. A bad economy and declining stock market do not decrease your benefits. Instead, your benefit amount is determined by a pre-established formula that replaces a percentage of your pre-retirement wages. How close your benefits get to the maximum of the IPERS plan—replacing 65 percent of pre-retirement wages or 72 percent for public safety personnel—is mostly up to you. Current employees don’t have to worry about where to invest or what to do when there is a slump in the stock market. Retirees don’t have to worry that a down market will reduce their monthly payments, and they never have to worry about outliving their IPERS benefits. Disability payments and death benefits act as a safety net for members and their families.

Issue review : IPERS retirement dividend payments.

The Iowa Public Employees' Retirement System, or IPERS, does not apply a traditional cost-of-living adjustment for retirement benefits. A retiree's monthly benefit payment is determined by a formula at the time of retirement and the amount does not change. Instead of adjusting the monthly benefit for inflation, the General Assembly creates two separate once-a-year payments for retirees, the November dividend for pre-1990 retirees and the favorable experience dividend, or FED for 1990 and later retirees. Available funding for the FED is estimated to be depleted within the next three years.

Iowa Public Employee Retirement System Agency Performance Plan

Agency Performance Plan

Iowa Judicial Retirement System, June 30, 2002

State Agency Audit Report

Iowa Judicial Retirement System, June 30, 2003

State Agency Audit Report

Peace Officers' Retirement, Accident and Disability System, June 30, 2003

State Agency Audit Report

Report of Recommendations to the Iowa Public Employees' Retirement System, June 30, 2003

State Agency Audit Report

Peace Officers' Retirement, Accident and Disibility System, Independent Auditor's Reports, Financial Statements and Required Supplementary Information, June 30, 2004

State Agency Audit Report

Iowa Judicial Retirement System, Independent Auditor's Reports, Financial Statements and Required Supplementary Information, June 30, 2004

State Agency Audit Report

Report of Recommendations to the Iowa Public Employees Retirement System, June 30, 2004

State Audit Reports

Pre-Treatment for Reduction of Asphalt Absorption in Porous Aggregate, April 2005

The objective of this research was to evaluate the performance of the product Ultracote® (a polymer based additive produced by Ultrapave, a division of Goodyear) as an aggregate pre-treatment for the reduction of asphalt binder absorption in hot mix asphalt (HMA). The product was tested with a paving project in Louisa county, Iowa with aggregate that had historically shown very high asphalt binder absorption. Results of the testing did not provide any evidence of reduction in binder absorption.

Iowa Public Employees' Retirement System Performance Report, FY 2004

Agency Performance Report

Iowa Judicial Retirement System, Independent Auditor's Reports, Financial Statements and Required Supplementary Information, June 30, 2005

State Audit Reports

Iowa Public Employees' Retirement System Performance Report, FY 2005

Agency Performance Report

Peace Officers' Retirement, Accident and Disability System, Independent Auditor's Reports, Financial Statements and Required Supplementary Information, June 30, 2005

State Audit Reports