This will not effect individuals who have already retired from Ball State.An analysis is underway to determine which option is in the best interest of the University and our employees regarding PERF/TRF. Options being considered are:
Yes. In fact, only Ball State and Indiana State University continue to enroll new employees in PERF or TRF.
Yes. Options being considered are:
No. Impacted employees would NOT lose their existing PERF/TRF retirement benefits. Existing PERF/TRF funds would remain intact and be available when PERF/TRF retirement eligibility requirements of age and service are met.
Employees with less than 10 years of service in the PERF/TRF plan would become immediately vested instead of foregoing their pension as normally required by PERF/TRF.
Indiana Public Employee Retirement Fund (PERF) Hybrid Plan
Indiana Teachers Retirement Fund (TRF)
Read President Mearns' Communication See Board Presentation (PDF)
If this change is made, it will not affect any current Ball State employees or retirees already enrolled in the plan.
No. It is becoming unusual for a public university to offer this benefit. No other public university in Indiana offers this benefit to new employees. No data exists to indicate that this benefit is a determining factor for prospective employees to choose Ball State.
No. Information was presented to the Board of Trustees at its February 8 meeting. A final recommendation to the Board is expected later this year.