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You'll need to withdraw your money within 5 years of ending employment. Your account earns interest for 5 years (2 years for KPERS 3 members). There's a 31-day waiting period after you end employment before you can withdraw.
- Employers
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- Application for Withdrawal booklet
You can apply to withdraw your contributions any time 31...
- Employers
You can apply to withdraw your contributions any time 31 days after you end employment. If you withdraw, you will give up all Retirement System rights, benefits and service credit. Employer contributions made on your behalf stay with the Retirement System.
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A vested employee who leaves a KPERS-covered position before retirement has two options: Leave contributions in KPERS, earning interest and then receive a monthly retirement benefit when eligible. Withdraw contributions and interest, forfeiting all service and retirement benefits.
The Withdrawal Process 1. Download an Application for Withdrawal of Contributions form (KPERS-13) at www.kpers. org or get one from your desig-nated agent. 2. Your designated agent completes the employer part of the form if you recently left employment. 3. Once we receive your completed application, please allow four weeks for payment. 4. KPERS ...
You need to withdraw your account balance within five years of the date you end employment. Your contributions earn interest for five years (two years for KPERS 3 members). After five years, you for-feit your service. KPERS 1 members who reach age 65 within the five-year period may apply for retire-ment benefits. If you don’t withdraw and you re-
You can withdraw retirement contributions after 31 days of your termination date through completion of an Application for Withdrawal of Contributions (pdf). Please return the completed application to KPERS and allow four weeks for payment. For additional questions, please contact KPERS at 888-275-5737 or kpers@kpers.org.