§ 23101 Refund Forfeits Retirement Benefits
You quit your job and take out your retirement savings to buy a car.
If you do this, you lose all the retirement benefits from that job. To get them back later, you’d have to pay back everything you took out, plus extra money (interest). Also, if you had named your spouse to get your retirement money if you died, they won’t get it anymore.
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 23101 Refund Forfeits Retirement Benefits
Last verified: January 23, 2026