To start making VAC contributions: Complete an "Election to Make or Change Voluntary Additional Contributions" form (Available in Member Access). You will enter the amount you want to contribute on this form.

To request a refund of Voluntary Additional Contributions, please fill out IMRF Form VARF, “Request for Refund of Voluntary Additional Contributions (VAC).” - You will NOT be paid interest on a VAC refund. Your interest will remain on account and continue to earn interest.

IMRF Form 6.30 (Rev. 01/2019) IMRF’s Voluntary Additional Contribution (VAC) program is a way to help you save additional retirement income. With this program you choose to make additional, after-tax. contributions to an individual VAC account that earns interest. How does it work?

If you participate in the Voluntary Additional Contribution (VAC) program and leave your VAC on deposit with IMRF until retirement, you may choose to receive your VAC as either: A lump sum of your VAC balance. Your VAC balance includes any interest earned. A monthly annuity if your VAC balance is $4,500 or more.

My experience with VAC is the initial rating is low. I hypothesize this is the case for a few reasons. First, you don't have a doctor complete specific forms for a first application (You will for reassessment).

Dec 16, 2022 · In terms of what to do with the money, I usually recommend the following steps: A) paying off all debt. B) building an emergency fund (3-6 months expenses) C) Building a house downpayment. D) Investing for retirement (15%) and kids college (up to you).

Jul 26, 2023 · Took about 4 Weeks for me to get the election form once I asked for it via phone call. Received it in my VAC account. Just over 3 weeks after I submitted the election through the VAC online portal i received the payment.

Jan 29, 2025 · Search for VA forms by keyword, form name, or form number. Quickly access top tasks for frequently downloaded VA forms.

Dec 13, 2017 · Download Forms 29-1546, Application for Cash Surrender (p1) / Application for Policy Loan (p2) The form is in PDF format, readable with the Adobe Reader version 7.0 and above.

Jan 23, 2025 · Find out how to update your direct deposit information online for disability compensation, pension, or education benefits. Find out how to change your address and other information in your VA.gov profile for disability compensation, claims and appeals, VA health care, and other benefits.