Calpers refund election application: Fill out & sign online

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What happens to CalPERS if I quit?

Once CalPERS membership is terminated, you no longer are entitled to any CalPERS benefits, including retirement. You are eligible for a refund only if you are not entering employment with another CalPERS-covered employer. Applicable state and federal taxes will be withheld from your refund.

How long does it take to get CalPERS refund?

When will I receive my payment? We process complete refund election form packages in the order of receipt. You can typically expect to receive your refund within 30 to 45 days from the date we receive all your necessary forms.

How can I get my CalPERS money?

If you do leave CalPERS employment, the following two options are available to you: Take a lump-sum refund or rollover. This option includes a refund of your member contributions plus interest, but not any employer contributions made on your behalf. ... Leave the contributions and interest in your account.

Can I take money out of my CalPERS account?

The CalPERS 457 Plan is a retirement savings plan. Generally, you cannot withdraw money from your plan account while you are still employed by your employer. You may, however, make Emergency withdrawals for specific financial hardships prior to separation from employment.

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