When I leave my current job, what will happen to my Pers II retirement fund?

Question

I am leaving mycurrent job for a job that has no retirement plan, will I get that money back? Can I get it in cash? How does that work?

Answer 1

Fiduciary should manage the account. Even if the company went under, your money is still around.

You can transfer the money to IRA. Your company can give the money back but you will be taxed. It is best to transfer the money to a better fiduciary.