If you terminate employment, you can apply for a refund or a rollover of your member contributions and interest as long as you are not employed by another affiliated employer for 30 calendar days. You will not receive a refund or rollover of the employer contributions. When you refund or rollover your member contributions and interest, you forfeit your service credit and all rights to any pension benefit from PERA, including disability or survivor benefits.

If you return to a PERA-affiliated employer, you will start from zero on service credit and contributions. However, you can recover the prior credit by repaying the withdrawn amount, along with interest calculated from the date the contributions were withdrawn to the date of repayment.

All refund requests must be made by filling out a Member Request for a Refund or a Co-payee Request for a Refund. All rollover requests must be made by filling out a Member Request for a Rollover or a Co-payee Request for a Rollover.

Please note that your employer must also submit a termination form prior to processing a refund or rollover. Please allow up to 60 business days to process.