The form must be signed by your spouse in the presence of a notary. TermsPrivacyDisclaimerCookiesDo Not Sell My Information, Begin typing to search, use arrow keys to navigate, use enter to select, Please enter a legal issue and/or a location, Begin typing to search, use arrow what happens to my imrf pension if i quit? Return to Work for an IMRF Employer Prohibited.. The Employer Retirement Reserve Statement provides accounting of your employer's IMRF assets for 2022 and the Employer Copies of Member Statements are for your employer's Feedback on This Page, If you think your educational employer might fall into this category, ask IMRF during the retirement process, With the IMRF employer you are retiring from, Your last date of employment with this employer, A special education cooperative, vocational system, or one of certain other educational employers* covered by IMRF, Teachers Retirement System and IMRF reciprocally, While working in an IMRF-covered position in a school district, Your last date of employment with your Teachers Retirement System Employer, With any of your prior school district employers, as long as they were covered by IMRF, With any of your prior IMRF-covered employers that were special education cooperatives, vocational systems, or certain other educational employers*, as long as you terminated service with them on or after August 23, 2019. Leaving a job can be bittersweetor sometimes, just plain bitter. Stay up-to-date with how the law affects your life. IMRF is required by federal law to withhold 20% of the taxable portion of your refund unless you elect to have the taxable portion directly rolled over into a traditional IRA (not a Roth IRA) or other qualified retirement plan. The day you stop working is not the same as your pension start date. The Employer Retirement Reserve Statement provides accounting of your employer's IMRF assets for 2022 and the Employer Copies of Member Statements are for your employer's Depending on your age, you may also be liable for an additional 10% tax on the taxable portion of your refund.