If you do not qualify for retirement benefits based on age and service credit at the time of your termination of employment, you may apply for a refund of your account contributions and interest. You are eligible to receive a refund of only the contributions you paid in the system and the accumulated interest on those funds. Employer contributions are not co-mingled with the funds in member accounts and are not refunded to the employee. The application for a refund of an account must be received in our office prior to a person returning to work for an agency participating in the same retirement system. By refunding your account, you forfeit eligibility for any future benefits, including health insurance and death benefits, based on the wages, contributions, and service credit associated with the refund. Refunds can take between 6-8 weeks to process.
If you begin participation on or after January 1, 2014, you will be eligible for both employee and employer credits if you are vested and request a refund.