Members of the Public Employees' Retirement System (PERS) or the Police and Firemen's Retirement System (PFRS)

Eligibility

  • Must be an actively contributing member of PERS or PFRS.  Retirees and members who are not in a “regular” pay status (i.e., suspended without pay or on a leave of absence) are not eligible for a pension loan
  • Must have three years of contributing membership posted to your account
  • Permitted no more than two loans in a calendar year

How to Apply

Members of the Alternate Benefit Program (ABP)

Eligibility

 Loan Application Forms cannot be signed if:

  • The total outstanding loan(s) and the newly requested loan is in excess of $50,000 or 50% of total assets
  • Loan request is submitted by a former employee (Loans are not available to former employees)

How to Apply

  • Contact the Investment Carrier directly for the Loan Application form
  • Submit the Loan Application Form requiring Employer's Authorizion signature to your Human Resources department
  • Loan applicants may contact the Investment Carrier directly for current loan status