For Members Hired Before December 31, 2016 - Tier A
If you are an employee who started after January 1, 2017, please click here
Depending on your age and years of service credit, you may have several options after you leave the City.
If you are under age 60 and do not have at least five years of pension service credit, you must request a refund within three years or you will forfeit your contributions.
When you terminate, you may request a refund of your contributions to the Fund; however, your refund can not be processed until your termination is completed in Lawson. If you take a refund, you will not be entitled to a retirement benefit nor will you be refunded the contributions made by the City on your behalf.
If you take a refund and return to work for the City within six years of your termination date, you may be able to re-pay or buy back your refunded contributions and reinstate your prior pension service. If you would like more information about the process of buying back contributions, please click the link below to send an email request for more information. Please include your name and employee number in the email.
Another option is to request your refund in the form of a rollover... A direct rollover to another qualified plan such as a 401k, an IRA, an annuity plan or a qualified trust. By choosing to make a rollover, you can delay federal income tax payment on your pre-tax contributions.
Any refund of contributions is made without interest and less any benefit payments. If you made contributions before December 16, 1997, you will receive one check for your after-tax contributions made prior to December 16, 1997 and another for your pre-tax contributions made after December 16, 1997. You will pay current federal taxes only on a refund of pre-tax contributions.
If you are interested in splitting your refund between two qualified plans or you would like to rollover a portion and take a check for the remainder, please click the link below to send an email request for more information. Please include your name and employee number in the email.
Contact ERF with any additional questions on refunds and rollovers or click below to complete your refund application.
Please note that if you have more than 5 years of service or you are age 60 or older, you must also complete the refund release form only available directly from the ERF office.
If you are at least age 60 when you leave the City, you may begin receiving your monthly pension.
If you are under age 60, but have at least five years of pension service credit when you terminate, you have earned a deferred pension benefit from the Fund and, at age 60, are entitled to retirement benefits as long as you leave your contributions in the Fund. As a former employee, it will be your responsibility to update your address with ERF to ensure there is no delay in your payments beginning when you reach age 60.
If you have at least 10 years of pension service credit when you terminate, you will be eligible for disability retirement benefits should you become totally and permanently disabled after leaving the City.