In this infographic, we look at an example of an ASRS member with an estimated refund of $10,000 to see how taxes apply, what penalties may be assessed, and what the estimated remaining cash amount could be. (Along with options available to avoid those penalties and taxes.)
If you're leaving the ASRS prior to retirement, you may be wondering if you should refund your account. You can, but you don't have to. You have options!