Refunds

Any active member who contributes to PSRSSTL is guaranteed full recovery of the contributed funds in the event of employee separation.  

In addition, the surviving family (or beneficiary) is eligible for the total contributions (plus any accrued interest) of an employee who became deceased while in an active status.

Members cannot receive a contribution refund while actively working for a PSRSSTL employer. 

A refund becomes payable:

--after all contributions are received from the employer, AND

--after member employment is terminated.

Both conditions must be met.  Notwithstanding, after separating from any employer, if the member returns to employment of ANY PSRSSTL employer sponsor prior to refund completion, PSRSSTL will halt the refund process.  The employee will resume making contributions through the employer and PSRSSTL will add these additional contributions to the employee's account.  

A partial or temporary refund is not allowed.  Borrowing from employee contributions is not allowed.  

After a member completes 5 years of credited service, s/he becomes vested with the Retirement System and is advised to consider all facts before withdrawing funds.

Interest applied to employee contributions is included in a refund.  However, the employer portion and the interest there from is not refundable.  These remain with the Retirement System to fund and pay all present and future benefits.

For more information concerning refunds and other benefits of the Public School Retirement System of the City of St. Louis, please click here* for the Member Handbook*.

If you are an eligible PSRSSTL member, beneficiary, or surviving spouse requiring a refund form, please click here.