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Retirement Investors' Club (RIC) 457/401a Program

Purchase IPERS Credits

If you qualify, you may request to move money from your RIC 457 employee contribution account to IPERS while you are working for the State, for the purpose of purchasing eligible IPERS credits. This is a non-taxable transfer. Once you terminate from state employment, your 401(a) employer match money may also be used. Other tax-advantaged accounts such as IRAs, 401(k)s, 403(b)s, etc may also be options for funding an IPERS purchase.

To find out if you qualify to purchase IPERS credits (or quarters) and to discuss whether or not the purchase might be to your benefit, contact IPERS toll free at 800-622-3849 (281-0020 in Des Moines) or email them at Info@ipers.org.

If you would like to use your RIC 457 money to make a service credit purchase, please complete the RIC's Service Credit Purchase Form and return it to us along with the IPERS Rollover/Direct Transfer Form (provided by IPERS).

If the money you wish to transfer is invested with an inactive provider, be sure to ask if surrender charges will apply.