For ERS Tier 3 and 4 Members
(Articles 14 and 15)
If you leave public employment with at least five, but less than ten years of credited service, you may choose to:
- End your membership and withdraw your accumulated contributions (with interest compounded at 5 percent per year); or
- Leave your contributions in your account and qualify for a retirement benefit when you are 55.
To help you decide which would be more beneficial, use our benefit calculator to project your pension using the “vested retirement” choice, or you can contact our Call Center to request a benefit projection. This is especially helpful if you have an outstanding loan balance, because you will receive a projection and the amount your benefit would be reduced if you choose not to pay off the balance.
If you choose to withdraw, or you have less than five years of service and do not qualify for a retirement benefit, you should file the Withdrawal Application (RS5014) no earlier than 15 days after you leave public employment.
If you have at least five years of credited service, and you do not withdraw your membership, make sure to apply for a retirement benefit when you reach 55.
Once you have ten or more years of credited service, you cannot withdraw from the Retirement System.