Leaving KPERS Employment and Withdrawls

Leaving Employment

& Withdrawals
Moving to a non-KPERS role? Here are some things to consider before you start your new job.male teacher in his 40s in a classroom with highschool students
When You Leave KPERS Before Retirement.
If you're moving to an employer that doesn't offer KPERS benefits, you have some decisions to make.

Let's help you cross a few off your to-do list.

  • Are you vested?
  • Do you want to keep your life insurance?
  • Do we have your contact info?
  • Are you thinking about withdrawing?

Are You Vested?

If your answer is yes, you're guaranteed a lifetime retirement benefit! So you probably don't want to withdraw. Remember, you vest with: 5 years of service

If You're Vested

You may choose to withdraw. But if you leave your money with KPERS, you're guaranteed a lifetime monthly benefit when you're eligible to retire. Your account will continue to earn interest.

If You're Not Vested

You'll need to withdraw your money within 5 years of ending employment. Your account earns interest for 5 years (2 years for KPERS 3 members).

There's a 31-day waiting period after you end employment before you can withdraw. When it's time, submit the withdrawal form and we'll send your refund within 4-6 weeks. The form tells you about your options on how to receive your money.