May accumulated contributions be borrowed or withdrawn if a member is experiencing financial difficulties?
No. Accumulated contributions may not be withdrawn from NHRS by a member for any reason prior to termination of employment with any NHRS participating employers. Also, loans from NHRS to members are not permitted under any circumstances. Application Process When may a terminated member apply for a refund of accumulated contributions? Group I – No sooner than 30 days after termination of employment, and only if the member does not become a contributing Group I member again during that 30-day period. Group II – At any time after termination of employment. What action is required to inform NHRS of a terminated member’s decision regarding accumulated contributions? To leave accumulated contributions with NHRS – A terminated member who leaves accumulated contributions with NHRS needs to only inform NHRS, in writing, of any address change so that NHRS may provide periodic account updates to the member. To apply for a rollover – The member must submit to NHRS a Terminated Member’s Application
Related Questions
- If I am currently experiencing financial difficulties or foresee difficulties in the near future and cannot make my monthly mortgage payment, what do I need to do?
- Is it possible to stop payments if I’m unemployed or experiencing financial difficulties?
- Who do international students speak to if they are experiencing financial difficulties?
