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Program Basics

The Retirement Investors' Club (RIC) is the State's voluntary retirement savings program that allows you (if eligible) to set aside a portion of your salary, through automatic payroll deductions, for use as income in retirement. Your contributions to the RIC 457, along with the employer matching contributions to the RIC 401a, are designed to help supplement your IPERS pension and Social Security benefits. You choose how much to save monthly up to the IRS annual limits). 

retirement income stool illustration showing Social Security, Pension and Personal savings as retirement income sources








Deductions are deposited into your selection of RIC investments in a 457 employee contribution account. You may choose to have deductions taken from your paycheck before state and federal income taxes (pretax) or after taxes have been withheld (post-tax Roth) or a combination of both.

Employer matching contributions are deposited into your selection of RIC investments in a 401(a) employer match account (Legislators excluded). There are no vesting requirements for either account. 

How your RIC accounts work

illustration showing pretax and Roth employee contributions to a 457 account and pretax employer contributions to a 401a account

Roth contributions   Pretax contributions   Employer match contributions
Payroll deductions are taken after state and federal tax withholding. There is no immediate tax benefit.   Payroll deductions are taken before state and federal tax withholding. This lowers your taxable income for the year.   Match contributions are deposited to your 401a pretax. The match benefit applies to pretax or Roth 457 contributions.


You are eligible to contribute if you are a permanent or probationary employee of the State of Iowa working 20+ hours per week or an employee who has a fixed annual salary. This program is not offered to Board of Regents Institution employees.

Additional Education

If you would like additional education on the basic features and benefits of the RIC program, you may:

State of Iowa Employees
RIC overview video

RIC Program Summary