No. Employee contribution rates are set by law. Since your retirement benefits are calculated according to a formula, increasing your contributions will not increase your retirement allowance. If you wish to increase your retirement savings, ask your department payroll clerk about enrolling in the deferred compensation plans offered by the County. The deferred compensation plan is not connected with ACERA in any way.

No. Retirement contributions rates are based on your age at entrance into the retirement system. However, if you wish to increase your retirement savings, contact Risk Management (County) or your Personnel department (districts) for information about enrolling in the deferred compensation plans they may offer. Please keep in mind that these alternative plans are not affiliated with StanCERA in any way.

You can direct contributions to two investment companies, TIAA-CREF and/or Fidelity Investments These two investment companies offer a full range of diversified aggressive to conservative investment funds. Voluntary (unmatched) or Supplemental contributions may be directed by employees enrolling in the plan for the first time to the Group Supplemental Retirement Annuity (GSRA) contract offered by TIAA-CREF. Voluntary Contributions may also be directed to any Fidelity mutual fund.

A Change of Beneficiary form must be completed and notarized. This form can be obtained and notarized in the Benefits unit.

No, at this time, no loan provisions are allowed with the State Retirement Systems. However, there may be loan provisions through supplemental retirement plans such as 401(k) and 403(b).

There may be an annuity increase (or decrease) applied to your annuity payment each May 1, based on the previous year’s investment results. The fixed annuity adjustment is applied to the fixed portion of your annuity, and if you participate in the variable fund, a variable adjustment is applied to the variable portion of your annuity.

Upon termination of employment the member may withdraw all contributions and refundable interest.

If you were on a full-time temporary position and are being converted to a full-time permanent position, DFAS-Charleston will send you a letter with a form to elect a repayment plan. If you were not employed or were part time or intermittent and are being converted to a full time permanent position, the retro payments will be deducted from any back pay you are owed. This aspect is the responsibility of our payroll office and you must work with them directly.

employee will pay income tax on contributions and earnings only when they are distributed from the plan. Contributions will not be included in an employee's income reported to the federal, state, or local governments for income tax purposes when they are made to a plan. However, the employee and Indiana University must pay employment taxes (i.e., Social Security taxes) on contributions when they are made to the plan.

A member may make extra contributions by waiving the ITHP (Increased-Take-Home-Pay), currently at 5%, tax deferred. This form is available from the Police Pension website or you can click here to access it.

All post-retirement increases are provided by action of the North Carolina General Assembly and/or the Board of Trustees governing the Retirement System. Although post-retirement increases are not guaranteed, they are typically provided at July 1 of each year and are paid as a percentage increase in benefits.

The Department receives a copy of the Notice of Separation at which time they send a Return of Contributions packet giving the options available. If you have less than 10 years of service, you can either request a Return of Contributions (ROC) or request to have the contributions rolled over to an Individual Retirement Account (IRA).

The correct answer to this question is usually dependent on three things: (i) whether you anticipate a return to employment covered by either the State or Local Governmental Retirement Systems; (ii) whether you have accumulated five years of retirement service credit; and (iii) your age.

No. There are no provisions for an emergency withdrawal of funds from your ACERA account. Internal Revenue Service regulations and ACERA plan provisions prohibit the withdrawal of funds except when a member terminates employment.

Yes. The head of your department, a member of the Board of Retirement, or any other person may file an Application on your behalf

You can arrange a confidential appointment with a Pension & Retirement Consultant. We encourage all new members to meet with a consultant to ensure they fully understand the important decisions they must make regarding their pension plan.

The amount you contributed from your salary to the Kansas Public Employees Retirement System is not taxable on your Federal return but is taxable on the Kansas return. Therefore, you must report this amount on Kansas Schedule S, Part A, line A2. To determine the amount to be reported on your Kansas income tax return, you must subtract the amount shown on your W-2 in the wages, tips and compensation income box from the amount shown in the state and local wages income box on your W-2.

You can change your federal or state tax withholding by completing IRS Form W-4P, Withholding Certificate for Pension or Annuity Payments, or by writing TRS to request a change. Simply indicate the new monthly deductions you want.

RETIREMENT AFTER REINSTATEMENT ENHANCEMENTS Many CalSTRS retirees find that they wish or need to return to employment in the California public school system while continuing to receive their retirement benefits. Others make the decision to forgo their retirement allowance for the time being and return to active status. When they do so, they may not retire again for at least a year.