Lump-Sum Option 1 (Non-Refund)

After receiving a refund of your member account balanceClosed The dollar value of your PERS account as of a given date. This account consists of all contributions and earnings received as of December 31, 2003, plus any earnings received after December 31, 2003., PERS pays you a benefit over your lifetime based on your employer’s contributions. No benefit of any kind is payable after you die.

 

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