Do I get any interest on my refund?
If you have less than 10 years of creditable service and you voluntarily terminated service, you will be credited with 3% interest on your total deductions.

If you have more than 10 years of creditable service or you involuntarily withdraw from service your total deductions will be credited with regular interest. Also, if you have 10 or more years of creditable service, you should call the Retirement Board to discuss your options - you may be vested and eligible for retirement at age 55.

No interest will accrue to your account after 2 years from the date of your separation from employment.

Show All Answers

1. Can my retirement benefits be assigned or attached?
2. Do I get any interest on my refund?
3. How much may I earn by working after I retire?
4. What if I leave public service after I am vested but before I am old enough to retire?