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  Benefits - Active Members

REFUND OF CONTRIBUTIONS

If a member resigns or is terminated from government service and wishes to withdraw his/her contributions from GERS, the following documents are required for processing before any disbursement of funds:

  • Application for Refund of Contributions · Copy of Letter of Resignation, Dismissal, etc. 
  • Last Two Check Stubs 
  • Photo Identification 
  • Resignation or Termination NOPA or termination or separation letter from agencies that do not process NOPA's

All applications must be completed in full. If any important information is missing within the application, it will be returned to the employee for completion. Any change in address from the initial application must come from the member, in writing and signed by the member along with a picture ID. Applications will not be accepted with white-outs or scratch outs.

Upon receipt of all required documentation, there is a processing period of approximately six to eight weeks from the date of the application to allow for thorough research within our office.

This process consists of:

Reviewing of records for last payment date of contributions posted 

Research of members file from our record room 

Requesting of loan payoff from our Loan Division Processing of Vouchers

Please Note: 

  1. If a member has at least ten years of credited service and is not yet at the age to qualify for a retirement annuity, no refund will be processed. The annuity can be applied for when the appropriate age is attained (age 50 for a reduced annuity or age 60 with no reduction). 
  2. If a member has at least ten years working with the Government but has paid contributions for less than the ten years, no refund is processed because contributions can be paid to receive full service credit. 
  3. If the member has at least ten years of credited service and a delinquent loan was deducted from the contributions, leaving less than ten years of credited service, no refund is processed as the amount applied to the loan may be repaid in order to regain the credited service.
  4. Notwithstanding the above, in accordance with a December 28, 2004 directive by the GERS Board of Trustees, until such time as the Board makes a different determination, past practice determines that members who are not presently eligible for a Retirement Annuity, by reason of years of service and age, at the time of separation from Government service, may be refunded their accumulated contributions upon submission to the GERS of an application for same. 

The law provides for interest to be paid on contribution refunds at a rate of 4% of total contributions. Title 3 Chapter 27 Section 713 (a) (June 2000).

 

 
   
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