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Terminating Vested

"Vesting" means that you have a permanent right to your pension benefit. In the CERF Pension Plan, you are entitled to a benefit after eight years of continuous creditable service during which you have received pay for 1,000 hours in each of those eight years. You receive one year of vesting for each calendar year in which you complete 1,000 hours.

Once you become vested, you are eligible to receive a full pension benefit at age 62, or an actuarially-reduced pension benefit as early as age 55. If you die before receiving a pension benefit, your beneficiary will be eligible for a survivor benefit based on your marital status at the time of your death.

The county clerk’s office will need to submit a Terminated Vested (Form 2V) along with copies of W-2s or certified payroll reports for your two highest years of compensation and, in some cases, a Salary Verification (SV) form on your behalf. Additionally, you will need to complete a Form 2B (if you terminated employment on or after 1/1/2000), or a Form 6 (if you terminated employment prior to 1/1/2000), along with an Electronic Funds Transfer form and federal and state tax withholding forms.


Forms
Form Number Form Name Last Revision
2B Retirement Application
Designation of Survivor
(Employees termed after 12/31/1999)
July 21
6 Retirement Application
(Employees termed before 1/1/2000)
June 16
EFT Electronic Funds Transfer January 24
Fed & MO-W4P Federal and State Withholding for Pension or Annuity Payments August 21