In the event of an unforeseen emergency, you may be eligible to discontinue participation in the Supplemental Retirement Plan and withdraw the entire value of your account.
Unforeseeable emergency defined: A severe financial hardship resulting from a sudden and unexpected illness or accident of the participant or a person dependent upon the participant, loss of participant's property due to casualty, or other similar extraordinary and unforeseeable circumstances arising from events beyond the participant's control.
To apply:
-
Call MSRS at 651-296-2761 or 1-800-657-5757 to request an Application to Discontinue Program Participation and Redeem Shares form.
-
When MSRS receives your completed form, we will forward to the Hennepin County plan administrator to review and approve your request.
-
If approved by the Hennepin County administrator, the form will be returned to MSRS to process your request.