1. What is the Rule of 88 Calculator?

Definition: This calculator determines if an employee meets the IPERS Rule of 88 retirement eligibility by summing their age and years of service.

Purpose: Helps IPERS members determine when they qualify for retirement benefits without early retirement reductions.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• \( Eligibility \) — Sum of age and service years (dimensionless)
• \( Age \) — Current age of employee (years)
• \( Years\ of\ Service \) — Duration of employment (years)

Explanation: If the sum equals or exceeds 88, the employee meets the Rule of 88 and qualifies for unreduced retirement benefits.

3. Importance of Rule of 88 Calculation

Details: Proper calculation ensures employees understand their retirement options and can plan accordingly under IPERS guidelines.

4. Using the Calculator

Tips: Enter your current age and total years of service with IPERS-covered employment. Both values must be ≥ 0.

5. Frequently Asked Questions (FAQ)

Q1: What is IPERS?
A: Iowa Public Employees' Retirement System - the pension plan for Iowa's public employees.

Q2: Does the Rule of 88 have minimum age requirements?
A: Yes, you must be at least age 55 to qualify under Rule of 88.

Q3: Can I use partial years of service?
A: No, only whole years are counted for the Rule of 88 calculation.

Q4: What if my sum is exactly 88?
A: You qualify - the rule requires the sum to be equal to or greater than 88.

Q5: Are there other retirement rules besides 88?
A: Yes, IPERS also has Rule of 62/20 and age-based retirement options.