October 7, 2025 | FAQs, FAQs - Separation Refund
For Traditional or Portable plans: If you take a Separation Refund and then return to become an active member of SURS or a reciprocal system, you may reinstate your service credit after contributing for at least two years. You will need to...
October 7, 2025 | FAQs, FAQs - Separation Refund
It is likely that all or a portion of your separation refund will be taxable. SURS is required by the IRS to withhold federal income tax on cash distributions of $200.00 or more. In addition, if you have not yet attained the age of 59½, or you are less than age 55 at...
October 7, 2025 | FAQs, FAQs - Separation Refund
You are entitled to (vested in) a SURS retirement annuity if you have been credited with the minimum number of service credit years required for vesting. If you first began participation prior to January 1, 2011, you are vested with at least five years of service...
October 7, 2025 | FAQs, FAQs - Separation Refund
Yes, all or part of the payment that you will receive from your SURS account may be eligible for rollover by you or your Plan Administrator (SURS or your Self-Managed Plan (SMP) Service Providers) to a Traditional IRA or other eligible employer plan. For more...
October 7, 2025 | FAQs, FAQs - Separation Refund
No. If you are an active employee, you cannot access your account in either of these ways. If you have terminated your employment, you may take a Separation Refund, but it will be for the full eligible refund amount. Return to Frequently Asked Questions
