Benefits Change Connection

• Participants who have met the age and service requirements may elect to initiate their Pension benefit.
• Participants who have at least 10 or more years of PERF service, but who have not met the age requirement, may leave their Annuity Savings Account with PERF until they reach the required age to begin their Pension benefit.
• Participants with less than 10 years of PERF service, that is, no "vested" rights to the Pension benefit, may request a withdrawal of their Annuity Savings Account.

1. Determine if the participant has any vested Pension benefit (see above).
2. Choose whether to leave the Annuity Savings Account with PERF or to ask for a withdrawal of funds.
3. To withdraw the Annuity Savings Account balance, complete the PERF “Claim For Refund of Contributions and Suspension of Membership" form. This form is available from campus Human Resources offices, or from the PERF agency, and should be returned to the local campus Human Resources office. (Withdrawal of Annuity Savings Account will result in the forfeiture of any Pension benefit.)
4. Notify PERF of any change of address by completing the appropriate PERF form or by accessing the participant account at www.perf.in.gov.
5. Continue to make investment fund allocations as long as the Annuity Savings Account is with PERF.