Mpera Directions 2000 Jun

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The Internal Revenue Service (IRS) ruling allowing the MPERA to implement the purchase of ser- vice with tax-deferred payroll de- ductions was received in Decem- ber. Active members who had contracts were notified of this provision at that time.
For more information about pur- chasing service or initiating a ser- vice purchase contract, contact the MPER'X in writing. When writing to request a cost state- ment, please provide the following information: your flill name (including any former names
...); a current address; social security number, and the type of service you wish to buy.
MPERA Directions - May 2000 Think Twice . . .
Before Taking A Refund!
You may receive a refund of your accumulated employee contri- butions in your retirement account when you terminate employment. If you are vested, you may have more to gain by leaving your contributions in the system to take advantage of valuable retirement benefits. As a vested member, => you will be entitled to monthly retirement benefits for the rest of your life when you reach the min- imum age and/or service require- ment, => your account will continue to earn interest each month, => you may buy any service for which you are eligible, and => your named beneficiary(ies) will be entitled to death benefits under limited circumstances.


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