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.

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...

No. Under State Law, your retirement account has no provisions for withdrawal under any circumstances. If you voluntarily leave employment that began after January 1, 1984 and have less than five years of service, no interest will be refunded to you. If you have served between five and ten years of service, you will receive half of the interest. If you have over ten years of service, all of the interest will be refunded to you. 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...

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). 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...

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...

You can request a loan once each calendar year, as long as the funds have been in your account for more than 15 days and you have no loans outstanding in your account at the time of your request. See similar questions...

Refer to page 2 of your statement for contact information for your retirement system (OPERS, STRS or ARP company). See similar questions...

In Ontario, your ability to take money from a locked-in retirement account is subject to certain rules set out in the Pension Benefits Act. Normally you must wait until 10 years prior to being eligible to start your pension, usually at age 55, before receiving a payment from your locked-in retirement plan. It should be noted that there are minimum and maximum limits on how much you can receive in any one year. 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. ACERA is required to protect the confidentiality of member records. Questions about your account cannot be answered without your written consent or under court action. The purchase of additional service credit may be made by lump sum payment or through payroll deductions for a period not to exceed five (5) years, depending upon the type of service purchased. See similar questions...

Yes, except for the portion of your benefit based on the contributions in your account that were actually paid by you from after-tax dollars, your entire benefit is subject to federal and state income tax. If you reside in another state your lump sum or monthly benefit would be subject to the state income tax laws in your state of residence. A Tax Liability on WRS Benefits brochure is available that provides information about federal and Wisconsin state income tax liabilities. See similar questions...

If you want to roll into an IRA, money from your Roth account in a 401(k) or 403(b) must be rolled into a Roth IRA. The rest of your account balance can be rolled into a Traditional IRA. If you want to roll your money into your new employer’s plan, ask your new employer if you’re eligible and if the plan accepts rollovers. You can’t roll over money from Roth accounts into plans that don’t offer the Roth option. See similar questions...

Again, it is important to speak with your tax advisor or attorney about your personal situation. In general, during your lifetime, whenever you take money out of your tax-deferred account (IRA, 401(k), 403(b), etc.), the distribution is considered income to you and is a taxable event. Therefore, you would have to pay the taxes due upon the value of the distributed assets and the remaining money would go to the charitable organization. See similar questions...

There's an argument that only low risk assets should go in a retirement account, because 1) you can't write off losses in a retirement account, and 2) if you make a mistake in a retirement account, the opportunity to contribute is gone forever. And because of that reasoning, and because options are more risky than stocks, it follows that options aren't suitable for a retirement account. But we don't buy the argument. See similar questions...

Vacancies that are open for recruitment are announced weekly in the Abilene Reporter News, Sunday edition. In addition, job opportunity notices are sent to local civic and community action groups, the local office of the Texas Workforce Commission and posted at Room 103 of City Hall each Monday morning. Vacancies are also recorded on the City of Abilene Job Information Line, (325)676-6247 and the city's website. The Job Information Line and website are updated every Friday by 5:00p.m. See similar questions...

Active members will receive an annual member statement which will provide information including account balances and beneficiary information. Retired members and beneficiaries receiving monthly benefit allowances will receive pay stubs each month detailing their benefit payment and deductions. See similar questions...