In order to be eligible to apply for a refund, you must meet the following requirements:
- Your application must be complete and on file with NDPERS for at least 60 days prior to receiving your refund/rollover. More information is in the Refund/Rollover Kit. To apply, complete the Application for Refund/Rollover Forms
- Your employer must notify NDPERS of your last day worked.
- You must be off all covered NDPERS employer payroll(s) for at least 31 days.
- Your termination must be bona fide. This means there is no indication that you will return to NDPERS-covered employment as of the date of your termination. NDPERS does not permit in-service distributions.
- If your termination is not bona fide, you are not eligible to request a refund or direct rollover and you may be required to repay any refund or direct rollover you receive with interest.
- If you are transferring to another job where you will be covered by one of the other state sponsored retirement plans, this does not constitute a termination of employment, see dual membership.
- You may not return to NDPERS-Covered Employment prior to receiving your refund or direct rollover. You will cease to be eligible to receive your requested distribution and your application will be cancelled. If you subsequently receive a distribution, you may be required to repay any refund or direct rollover you receive with interest.
- Your payment will be issued in approximately 60 to 90 days, subject to tax notification requirements. You will receive a letter from NDPERS regarding your date of distribution.
- By receiving a refund/rollover distribution of your member account balance, you forfeit all service credit to the date of the distribution, as well as:
- Retirement Benefits
- Disability Benefits
- Non-Vested Employer Contributions
- Retiree Health Insurance Credit
- Health Insurance Coverage
- Dental Insurance Coverage
- Vision Insurance Coverage
- Long-Term Care Insurance Coverage