Skip to main content

Pension Loans

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

  • 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)

  • Vested members of the ABP are eligible to receive loans based on their account balances.
  • Members should contact their investment carrier(s) for applications and repayment procedures

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 Authorization signature to your Human Resources department
  • Loan applicants may contact the Investment Carrier directly for current loan status