A Little Saving - A Lot of Benefits With RIC

A Little Saving - A Lot of Benefits With RIC

January 2019 

The Retirement Investors’ Club (RIC) provides State of Iowa employees the opportunity to save a little or a lot toward their ideal retirement. If you contribute as little as $25 per month from each paycheck, the State matches that amount dollar for dollar up to $75 per month.* This allows employees to invest an extra $900 per year toward future income needs. 

A little saving offers State employees big benefits such as:

  • Automatic savings through payroll deductions.
  • Employer match of up to $75 per month.
  • Mutual funds with no sales charges, sales loads, or transfer fees.
  • Lower mutual fund share prices than most retail IRAs.
  • Investment advisor services at no extra cost.
  • Ability to save on a pretax or post-tax (Roth) basis.
  • Flexible income options when leaving employment.

RIC savers can save up to the maximum contribution limit of $19,000 for 2019 ($25,000 for age 50 or older and $38,000 for three-year catch-up).

Enroll today to take advantage of the State of Iowa Retirement Investors’ Club. 

*SPOC-covered employees receive a $1 match for every $2 contributed up to maximum match of $75 per month. All other employees will be matched $1 for $1 contributed up to the $75 maximum monthly amount.