Get Form 4101 REFUND REQUEST CHECK ONE Revised 3202010

After your death, surviving beneficiary receives: Your member contributions and interest in your account not exhausted through the monthly benefits you received in retirement. A lifetime monthly benefit equal to your reduced benefit. A lifetime monthly benefit equal to 50% of your reduced benefit.

At its September meeting, the Board unanimously voted to approve a 2.5% cost-of-living adjustment (COLA) increase for eligible retirees and beneficiaries in 2023.

You may submit your refund request immediately upon termination; however, by law, your refund cannot be paid sooner than 90 days after your termination, and may not be paid later than six months after the date of your request.

You can retire and receive an unreduced monthly retirement benefit after 28 years of service or at age 65 or older. You can retire early, at age 60, or at age 55 with 25 years of service, and receive a reduced monthly retirement benefit.

After your death, surviving beneficiary receives: Your member contributions and interest in your account not exhausted through the monthly benefits you received in retirement. A lifetime monthly benefit equal to your reduced benefit. A lifetime monthly benefit equal to 50% of your reduced benefit.

Current state law provides for an annual benefit adjustment of 1% of your annual benefit up to a maximum of $500 per year.

The cost is 16 percent of current salary or career highest fiscal year salary whichever is greater, for each year purchased. The cost for purchasing periods of less than one year will be prorated.

$10,000 earnings limitation Act 102 of 2021 increased the earnings limitation for some retired SCRS members who work in the state's public schools.