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If I am vested (five years of contributory service) in the Teachers’ and State Employees’ Retirement System, what are the consequences if I withdraw my contributions?

April 26, 2017consequences contributory retirement service State system Vested

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If I am vested (five years of contributory service) in the Teachers’ and State Employees’ Retirement System, what are the consequences if I withdraw my contributions?

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A. If you are vested and withdraw your contributions, you are forfeiting a future pension and any other benefits for which you are eligible. If you return to state employment, you will not have any service credit towards retirement.