By Reg Jones
August 1st, 2014 | Workers' compensation
Q. I was forced into applying for retirement, being on Workers’ Compensation and was “separated in 2002 with 25 years of service. I am 70 and still on Workers’ Compensation. I would like to withdraw my retirement lump-sum. Can I still keep my life insurance that is deducted? I understand if Workers’ Compensation stops paying me, that I wont be allowed back on retirement if I do this. But I could not live on the amount anyway and I do need the money now.
A. Unfortunately, there is no provision in law or regulation that would allow you to receive a refund of your retirement contributions.