Indianapolis Public Schools has made significant investments in teacher compensation and is proud to offer one of the highest starting salaries in the Central Indiana Region. For the 2020 -2021 School year, Teacher salaries range from $47,800 – $90,000 depending on your years of experience.
IPS also understands that benefits stretch beyond compensation and health insurance; it’s about total rewards! As part of teamIPS, you have the opportunity to participate in an assortment of health benefit options that will fit various needs and budgets. Additionally, IPS invests in you by contributing to the Indiana State Teachers’ Retirement Fund (TRF) on your behalf!
- Benefits for “employee only” coverage add approximately 28% compensation to your salary (based on a salary of $48,000).
- IPS employees pay only $0.78 annually for vision, dental, and life insurance combined.
- IPS contributes between 75-86% (depending on the plan selected) of the cost of employee only medical insurance.
- Health Savings Accounts (HSA) and Flexible Spending Accounts (FSA) are offered.
- IPS pays 8.5% of teachers’ salary into the Indiana Public Retirement System (INPRS), covering both the employer and the employee contribution.
- This amount is governed by the State and is subject to change.
- Go here,https://www.in.gov/inprs/my-fund/teachers/ for information on the TRF Hybrid Plan.
- You can add voluntary contributions to your INPRS account.
- We offer additional retirement savings with 403(b) Pre-tax and Roth plans.
Loan Forgiveness and Loan Cancellation
Did you know that your federal student loans may be forgiven or cancelled for your service as a teacher?
If you have any Direct subsidized or unsubsidized loans or Federal Stafford subsidized or unsubsidized loans, you may be eligible for forgiveness of up to $17,500 of your student loans when you teach full-time for five complete and consecutive years in schools that serve low-income families*.
If you have a Federal Perkins loan, you may be eligible for deferment of your loan or even cancellation of up to 100% of your loan when you teach full-time for a full academic year or its equivalent at a low-income* school or for teaching special education, math, science, foreign languages, bilingual education or any other field of expertise with a shortage of qualified teachers in the state.