If you’re planning to take a refund of your Colorado PERA account, consider what you’ll be missing out on:
Depending on when you began membership, your membership rights, like retirement eligibility dates, may be different than those for new members. If you withdraw your account and later return to PERA-covered employment, you will be subject to the benefits and other provisions in effect at the time you rejoin PERA.
You will no longer be eligible for a monthly benefit in the future.
Health Care Access
You will not be able to enroll in subsidized health care available through PERACare.
Unless you are over age 59½, you’ll have to pay an IRS early withdrawal penalty. Additionally, you may have to pay taxes on the tax-deferred portion of your account.