Annuity Loan Program

Annuity Loan Program

The GRSD annuity loan program allows qualified applicants to borrow money against the cash value of your annuity savings fund. A full description of the program is available by reviewing the Annuity Loan Questions and Answers Booklet.

Any active general city employee (coded active and paid on City payroll) who is or has been a participant in the Defined Contribution Plan may be eligible to withdraw from their annuity savings fund.

Applications can be downloaded here and either emailed, faxed or delivered to First Independence Bank for processing. Please note that applications must be returned only to First Independent Bank. The Retirement System is not able to accept applications for the annuity loan program.

Local branches of First Independence Bank include the following locations:

Annuity Loan Downloads


Annuity Loan Questions and Answers Booklet »


Annuity Loan Application »


Forms can also be obtained from First Independence Bank

Main branch

 

Garfield Branch

 

Seven Mile Branch

 

Dec

10

Governor Snyder Signs Off On Ending Detroit’s Emergency Service Status.

The Governor’s announcement marks the end of the city’s financial crisis and signals the official end of its bankruptcy as early as this week.

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Dec

01

General Retirement System of The City of Detroit to Host Post-Bankruptcy Informational Meetings For Retirees

DETROIT, MI – Dec. 2, 2014- The General Retirement System will hold two town-hall meetings on the same day – Wednesday, Dec. 17, 2014 – to provide information to ...

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