Change of Address for Retired Members Application for Refund of Installment Payments 2025

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What happens to my contributions if I discontinue working with HCBE? If you have at least 10 years of creditable service, then you are vested in PSERS.
Most retirement benefits are processed within 4 to 6 weeks after PSERS receives all of the following information: Properly completed application(s) Date of termination. Your last salary and service as reported from your employer.
The Member Contribution Rates table shows the various rates at which members contribute to PSERS. The member contribution rates are set by law. You cannot choose to lower or raise your contribution amount.
Applying for a Refund To request the application to receive a refund of your account, please contact PSERS directly at 1.888. 773.7748.
myPay Go to the myPay web site, and log into your account using the login box at the top right-hand side of your screen. Click Accept on the Terms of Use Agreement. On the Main Menu Page, find the Direct Deposit link. Enter your Routing Number, your account number, account type and financial institution.
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You can change your direct deposit information anytime through your Member Self-Service (MSS) account on the My Retirement Information page. Alternatively, you may complete, print, and submit to PSERS an Authorization for Direct Deposit Electronic Transfer of Monthly(opens in a new tab) Payment (PSRS-116) form.
If youre changing financial institutions or transferring your direct deposit to another account within the same bank, you can make changes: By mail - Complete and mail the Direct Deposit Authorization (PDF) to CalPERS. Online - Log in to myCalPERS. Go to the Retirement tab and select Payment Options.

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