Refunds
Form 5
What is the form for a refund
Highest twelve months salary in last 24 months worked. Minimum $25k and maximum $50k
What is the Death Benefit?
Document that starts the retirement process
What is a form 6?
Limitation for State retirees returning to work on a non-contributory status
What is an earnable allowance?
5 years membership service
What is a minimum but not only requirement for purchasing service?
60 days
What is the hold time?
Death benefit paid when a retiree dies. $10k
What is the CDB?
A document sent to member each time we receive and process a form
What is an acknowledgement letter?
Member notification when they want to return to work
What is a letter?
Section C
What is the information you should share with the member?
20%
What is the federal tax withheld?
Choice sole beneficiary has when an active member passes and met certain criteria met prior to the passing.
What is the ROC or SAB?
Retirement form which has to be requested if member makes a mistake
What is the Form 333?
6 months
What is the State waiting period for returning to work for a new retiree?
Purchase of Military Service
What is the form for Free Military Service?
Section G
What is the employer certification section?
Contributions paid out after a member retires
What is the Guaranteed Refund?
40 days
What is the processing time for retirement paperwork?
Recalculation of the retirement benefit combining both services
What is a 2nd retirement with more than 3 years?
Form 398
What is the form to use if purchase with rollover funds?
30 days
What is the processing time?
$4k paid out when retired LEO passes
What is the SBF?
Payment issued which wasn't on time
What is a retro payment?
Suspend benefit for remainder of the year
What is the penalty for exceeding earnable allowance?
12/31/xxxx
What is the expiration date for statement of cost for Purchasing of Withdrawn Service?