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Leaving The ASRS and Cash Refunds: An Example

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).

Note: refunding your ASRS account is only an option for those who have ended employment with all ASRS employers. Under state law, active, contributing ASRS members are not allowed to withdraw, refund, or borrow against their ASRS account.

Additional Resources on Refunds:

Refund Infographic

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