Do I get any interest on my refund?
If you voluntarily leave employment that began after January 1, 1984 and have less than 10 years of service, you will receive 3% interest. If you have over 10 years of service, interest will be refunded to you at the regular interest rate. Also, if you are removed or discharged, you will receive the “regular interest” rate regardless of the years of service.

Show All Answers

1. What does "vested" mean?
2. When am I vested?
3. What if I leave city service after I am vested but before I am old enough to retire?
4. Why do I pay a higher percentage toward my retirement than some other employees?
5. What if I leave city service before I am vested?
6. Do I get any interest on my refund?
7. What does "buy back" mean?
8. How is my retirement allowance calculated?
9. Can I borrow money from my retirement account now and pay it back later?
10. When can I file for retirement?
11. How much may I earn by working after I retire?