Refund of Contributions
Application Process
Iowa Code Chapter 411.23 authorizes the System to return a terminated member’s contributions, and interest for the period they were employed to the member upon application to the System.
Refund Information
Effective July 1, 1990, members in service on or after that date who terminate service (other than by death or disability) may withdraw all their contributions from the date of hire, with interest calculated for the period of membership.
Taxability of Refund
This notice explains how you can continue to defer federal income tax on your retirement savings in the Municipal Fire and Police Retirement System of Iowa (the “Plan”) and contains important information you will need before you decide how to receive your Plan benefits.