Can You Transfer Years Of Service In A Ohio State Teachers Retirement System To Texas
Transferring Service Between Systems
Whatsoever credit you may have in the following retirement systems may be counted along with your credit in your current arrangement in club to determine your eligibility for a reduced or unreduced retirement benefit:
- Teachers' and State Employees' (TSERS)
- Local Governmental Employees' (LGERS)
- Legislative (LRS)
- Consolidated Judicial (CJRS)
Withal, only your creditable service in your electric current organization is used in computing the amount of your benefit in that arrangement. Creditable service in any other organization is used to compute benefits from that organization.
In addition, any service credit you have in the UNC Optional Retirement Program may be added to your creditable service in TSERS in lodge to determine eligibility for benefits from TSERS.
Transferring Service & Contributions Betwixt Systems
You tin can transfer your contributions and creditable service between LGERS and TSERS as long as you are an eligible member of the organisation to which you lot are transferring, do non receive a refund of your contributions from the system from which you are transferring and file Grade 5TR (Transferring Service and Contributions Between Systems).
Transferred creditable service counts toward your eligibility for a monthly benefit and is used to compute the amount of your benefit. Overlapping transferred service cannot be counted twice for the same time menstruum.
NOTE for TSERS: A transfer can affect your eligibility for State Health Plan coverage under the retirement systems.
Transferring Service Between Systems Presentation
After completing v years of membership service in TSERS, you may transfer contributions and creditable service from CJRS and LRS to TSERS. Contact united states for additional information and instructions.
https://www.myncretirement.com/non-retirees/current-employees/benefits/transfer-service
Can You Transfer Years Of Service In A Ohio State Teachers Retirement System To Texas,
Source: https://www.myncretirement.com/non-retirees/current-employees/benefits/transfer-service
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