Leaving Covered Employment
Upon termination of JSRS-covered employment, you may elect to receive a refund of your contributions and interest or leave your contributions and interest on deposit. Currently, you will earn 4 percent interest compounded annually on your account balance as of the previous June 30. If you leave your contributions and interest on deposit, you may, at a later date:
- Return to employment as a justice, judge, solicitor, or circuit public defender, and once again become an active contributing member of JSRS;
- Receive a refund of your contributions and interest;
- Leave your contributions and interest on deposit and apply for a refund at anytime or a deferred annuity if and when you are eligible; or
- Become an active SCRS, PORS, or GARS member and transfer your non-concurrent JSRS service credit by withdrawing your JSRS contributions and interest and purchasing the non-concurrent JSRS service as public service in your active SCRS, PORS, or GARS account [9-8-50(4)].