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).

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. See similar questions...

Yes, (effective January 1, 1999) you may borrow against RA, GRA, GSRA and SRA and both Basic (matched) and Supplemental (unmatched) Fidelity Contributions. See similar questions...

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

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. See similar questions...

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. See similar questions...

No. the StanCERA Retirement Board has not adopted 1937 Act provisions to make home loans available to members. See similar questions...

You cannot borrow from your mandatory retirement account. You may only borrow money from your supplemental retirement account. You will need to contact the Supplemental Retirement Vendor directly. Vendor information is available on the HRS website. See similar questions...

The employer determines if the plan allows for participant loans. This choice is selected in the adoption agreement. If loans are allowed in a plan, it is disclosed to the participants in the summary plan description. See similar questions...

No, a member may not borrow from or withdraw their contributions and interest while they are an active County or Member District employee. The money in your retirement account is for retirement savings and can only be accessed if you terminate County employment. Termination and immediate rehire for the purpose of withdrawing contributions and interest is not allowed and is a federal violation. See similar questions...

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

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. See similar questions...

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. See similar questions...

Answer: You cannot borrow from your member contributions nor can you use them as collateral for a loan. They also cannot be garnished or seized by any creditor. As long as your contributions remain on deposit with IMRF, they are protected from your creditors. This restriction is determined by Article 7 of the Illinois Pension Code. See similar questions...

This will be determined by the lender based on your repayment ability and the appraised value of the home. For information on how lenders determine repayment ability, click here. See similar questions...

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). See similar questions...

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. See similar questions...

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. See similar questions...