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5 10 C Application for Separation Refund - IMRF

5 10 C Application for Separation Refund - IMRF 2025

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The document is an application form (IMRF Form 5.10) for members of the Illinois Municipal Retirement Fund (IMRF) seeking a total refund of their contributions after separation from employment. It outlines eligibility criteria, the implications of accepting a refund (forfeiting future pension benefits), and instructions for completing the form, including options for direct rollovers to retirement accounts. Additionally, it provides tax information related to refunds and rollovers, emphasizing the importance of understanding tax consequences and potential penalties.

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Click ‘Get Form’ to open the 5 10 C Application for Separation Refund - IMRF in our editor.
In Section 1, enter your personal information including your last name, first name, date of birth, and IMRF member ID. Ensure all details are accurate to avoid processing delays.
Proceed to Section 2 where you will certify your refund options. Choose whether to roll over nothing or a portion of your taxable amount. If rolling over, specify the percentage or dollar amount.
For direct rollovers, complete Section 3 by providing the financial organization’s details. This section is crucial for ensuring that funds are directed correctly.
Once all sections are filled out, review your entries for accuracy. Use our platform's features to sign electronically before submitting the form via mail or fax as instructed.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a separation refund?

To receive a separation refund, you must have terminated your employment from all SURS-covered employers or you must have been on layoff for over 120 days. If you wish to withdraw your funds from SURS, you must complete an Application for Separation Refund.

What is the 60 day rule for IMRF?

You cannot work for any IMRF employer for at least 60 days after your pension start date. After 60 days from the pension start date, you may return to post-retirement work for an IMRF employer, as long as there was no pre-arranged agreement made before retirement.

How long does it take to get a separation refund from IMRF?

After IMRF has received all required information for your benefit claim, it will take approximately eight weeks to process your refund. This includes member contribution refunds and Voluntary Additional Contributions refunds.

How do I cash out my IMRF?

To apply for a refund online, sign in to your Member Access account and follow the prompts. Did you know? You are not required to take a refund when you leave your IMRF employer. If you are no longer participating in IMRF but still working for the same IMRF employer, you cannot take a refund.