Benefits Package

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Employee Benefits

 The City of Ankeny offers a competitive benefits package. The city's insurance package includes:

  • Medical insurance
  • Dental insurance
  • Vision insurance
  • Life insurance
  • Voluntary life insurance
  • Other voluntary products    
  • Flexible spending accounts
  • Wellness benefit plan

Details about our insurance package can be found in the 2017 Benefit booklet for full time employees.  Part time employees also have some limited benefits as defined in the 2016 Benefit booklet for part time employees.

Additional benefits include paid time off, paid holidays, and longevity pay.  You can find additional details of these in the Employee Handbook.

Retirement Benefits

Iowa Public Employees' Retirement System

Contribution Rates
Public employees and their employers contribute to the IPERS Trust Fund through payroll deductions. IPERS contributions are invested to increase the fund amount. Contributions plus investment income must be sufficient to pay the lifetime benefits promised to IPERS members when they retire.

Most IPERS members contribute at a rate set by the Iowa Legislature, which varies from year to year. Contribution rates for sheriffs, deputy sheriffs, and those in other protection occupations have a different benefit plan and pay rates that are recommended by IPERS’ actuary, adopted by administrative rule, and may change every year.

Current Contribution Rates (7/1/17-6/30/18)

Member Category Member Share Employer Share Total
Regular IPERS Members 5.95% 8.93% 14.88%
Protection Occupations 6.56% 9.84% 16.40%

Values represent the percentage of the member’s covered wages.

Municipal Fire and Police Retirement System of Iowa

The purpose of the Municipal Fire and Police Retirement System of Iowa's (MFPRSI) is "to promote economy and efficiency in the municipal public safety service" within the State of Iowa. To achieve its purpose, the retirement system manages a retirement plan that makes pension payments to its members who have retired from public service as a police officer or fire fighter and to their beneficiaries. The system administers a comprehensive disability program for its membership and the forty-nine employing cities.

Created by act of the 1990 Iowa Legislature, MFPRSI initiated its formal operations on January 1, 1992. Iowa law, an instrumentality of the cities, administers MFPRSI under the direction of a Board of Trustees representing the membership, the cities, the citizens of Iowa, and the Iowa General Assembly.

Members, city officials and any interested parties are encouraged to contact MFPRSI with any questions you may have concerning the programs it administers under Iowa Code Chapter 411.

Contribution Rate Beginning July 1, 2017

  • Employee contribution rate = 9.40%
  • Employer contribution rate = 25.68%

457 Deferred Compensation Plan (ICMA-RC)

ICMA-RC manages and administers retirement plans exclusively for the benefit of public sector employers and employees.

A 457 Deferred Compensation Plan is a supplemental retirement savings program that allows you to contribute on a pre-tax basis. Federal, and in most cases, state income taxes are deferred until your assets are withdrawn, usually during retirement when you may be in a lower tax bracket.

Please contact your employer for information about enrolling in your 457 Deferred Compensation Plan.