Human Resources
Retirement Investors' Club (RIC)
Distributions While Employed
Options for distributions while employed are limited to the following conditions (loans are not an option):
| you have experienced an eligible financial hardship | you must complete a Financial Hardship Form and meet strict federal guidelines to be approved for a hardship withdrawal |
| you qualify for a cash out | if your account is worth $5,000 or less and you have not contributed in the last 24 months, complete the RIC Distribution Form to request distribution |
| you are at least age 70-1/2 | if you are at least 70 1/2 and wish to take payment, the RIC Distribution Form must be completed |
| you qualify to purchase IPERS credits (non-taxable transfer) | you must first contact IPERS to determine whether or not you are eligible to purchase service credits. If you decide to purchase IPERS credits with your RIC assets, please complete a Service Credit Purchase Form |