CSAM STEM Pioneers

Pension Loans

Participants in the Public Employees’ Retirement System (PERS), Police and Firemen’s Retirement System (PFRS), or Alternate Benefit Program (ABP) may be eligible for a pension loan.

Alternate Benefit Program (ABP)

Eligibility

Vested members of the ABP are eligible to receive loans based on their account balances.

How to Apply

Members should contact their investment carrier for applications. For a list of investment carriers, visit the Alternate Benefit Program (ABP) page. Please note that the loan application must be signed by a Benefits team member.

Public Employees’ Retirement System (PERS) or Police and Firemen’s Retirement System (PFRS)

Eligibility

  • Must be an actively contributing member of PERS or PFRS. 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

Apply online via the Member Benefits Online System (MBOS).