The IPERS plan is a defined benefit plan. The retirement income is determined by a formula based on years of service and the salary earned. Defined benefit plans are sometimes called traditional pension plans. The rules governing the operation of IPERS are controlled by the State of Iowa legislature. Changes are communicated by IPERS directly to members.
United States
$44
9.07
Gregory Samorajski
Sriram Lakshminarayanan
Bill Bemis
21% Domestic Equity
16.5% International Equity
5% Global Smart Beta Equity
23% Core-Plus Fixed Income
3% Public Credit
1% Cash
17% Private Equity
9% Private Credit
4.5% Private Real Assets
% Private Credit
Asset allocation as of June 30, 2023. All information is as per the most recent annual report or other publicly available data via the fund's website
