Required Minimum Distribution (RMD)

The money in your PERA account cannot stay there indefinitely. You are required to withdraw your PERA funds by a certain age:

• Age 73 for a person who attains age 72 after December 31, 2022, and
• Age 75 for an individual who attains age 74 after December 31, 2032

If you reached age 72 on or before December 31, 2022, your RMD age is based on prior law. If the RMD is not taken by that date, the IRS may impose an excise tax.

For more information, visit the Retirement Topics—Required Minimum Distributions (RMDs) page on the IRS website.

NOTE: If you are actively working in a PERA-covered job, or drawing a monthly retirement benefit, you are NOT required to take an RMD, regardless of age.