What is deferred retirement?
If you are eligible for retirement and leave your position, you can defer receiving your retirement benefit until a later date. You will be considered a deferred member. You also are a deferred member if you leave employment before you are eligible to retire and do not take a refund of your member contributions and interest in your member contribution account. If you are vested, you may be eligible for a future retirement benefit if you meet the age and service requirements for your plan.
Related Questions
- Does the Deferred Compensation Plan affect my service retirement benefit from a retirement plan administered by PERS or my Social Security?
- What is the difference between Deferred Retirement Option Plan (DROP) and Initial Benefit Option (IBO) or Upfront DROP ?
- How can I learn more about the Wyoming Retirement System (457) Deferred Compensation Plan?
