To retire existing bond issues through the sale of a new bond issue, usually to reduce the interest rate being paid.
A payout of the member retirement contributions, plus accrued interest, to a member or to the member's designated beneficiary
The amount of money a former Federal employee withdraws from his/her retirement account. Under FERS, refunds are paid with a market rate of interest.
Upon withdrawal from State service, a member is entitled to receive a refund of contributions if they have been off the State payroll for 14 days. The member then forfeits all rights and benefits under SERS.
A withdrawal of TRS retirement and automatic increase in base pension (AIBP) contributions terminating all TRS benefits, or the withdrawal of survivor benefit contributions after retirement when there is no dependent beneficiary, terminating future eligibility for survivor benefits.
To receive the total contributions and/or interest in your annuity savings account at time of seperation of government employment Regular compensation - An amount of monies paid to you on a weekly or monthly basis for your regular hours worked in the governmental entity Rollover - To request a refund of your account and transfer the monies to your individual retirement account