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Apply for a Refund

If you leave IPERS-covered employment before retirement, you can apply for a refund, however, consider your alternatives carefully. You may wish to consult with your tax advisor.

NOTE: If you must pay financial penalties on your refund, the Coronavirus Aid, Relief and Economic Security Act of 2020 (CARES Act) includes provisions that may reduce these penalties. Applicants are required to submit this affidavit to qualify for a reduction of penalties.

You have the following options when deciding what to do with your IPERS account:

Option 1: Leave your money in IPERS until you retire or choose another alternative.

Option 2: Roll your money over to another retirement plan.

Option 3: Take a refund. Sign in to My Account to access an Application for IPERS Refund.

For more information, see the Leaving Covered Employment booklet.

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