Page 41 - Public Employees Retirement Fund My Choice Plan Member Handbook for Local Government Employees

Distribution Benefits
a.m. to 8 p.m. ET. The CSR will direct you to the myINPRSretirement.org website to complete and submit the online information.
8.8 Re-Employment of Vested Members (Who Took Distribution)
You can go back to work after you take distribution of your DC and Rollover Pre-Tax Contribution funds. If you re-employ with a new employer, you are eligible to choose between the PERF Hybrid Plan and the PERF My Choice: Retirement Savings Plan, if the new employer allows you to choose.
If your re-employment occurs within 30 days of your distribution, your distribution is void. You may be required to repay any distributions you received.
Example
If you stop working on May 18, your annuity start date is June 1. You qualify to re-employ in a My Choice- covered position on or after June 18. If you return to a My Choice-covered position within 30-days after ending service, your distribution is void.
Your distribution is void if you have an agreement, formal or informal, prior to taking your distribution, with a covered employer to return to work in a covered position. There is no limit on earnings for members who return to work in a My Choice-covered position. If you take your DC and Rollover Pre-Tax Contribution distribution, as applicable, from a My Choice-covered position and re-employ in a My Choice- covered position after 30 days, you can be re-enrolled in the My Choice: Retirement Savings Plan.
If you retired from another Indiana public retirement fund (such as the 1977 Police Officers’ and Firefighters’ Retirement Fund) you do not have a minimum period of separation before taking a My Choice-covered position with the same employer
Public Employees Retirement Fund My Choice Plan Page 41 of 50 Member Handbook for Local Government Employees
Effective: 07/01/2020