3. If I elect to receive a refund of my contributions, will I receive the matching contributions paid by my employer to CMERS?
No. Employer contributions remain in the Retirement System for payment of future retirement benefits for career employees. Since Employee and Employer accounts are maintained separately, you will not reap the benefit of monies paid to the Retirement System by your employer until you begin receiving a monthly retirement allowance. The employer rate of contribution to the Retirement System is adjusted periodically to reflect the necessary funding to provide future benefits.