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

 

Current News That May Interest You:

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Apr

10

New look to checks and check stubs coming soon

RSCD is in the process of changing their payroll processor, therefore your check stub or check will have a different look.  If you are receiving two checks or stubs they will ...

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Nov

03

Active Employees married to a City of Detroit Retiree are now eligible to enroll their spouse for health care coverage effective January 1, 2017

Please visit the online system www.mydetroitbenefits.com to enroll your retired spouse. Eligibility Documentation is required. You may also call toll-free (855) 224 6200 to compl...

Read More »

Important message from the Trustees of the City of Detroit General Retirement System Click Here


Important Retirement System News You Need To Know Learn More ›

 


 

RFP for Bulk Printing and Mailing Services

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The 2017 Annual Report is now available

. Click here to view report

 

NOTICE: Active Election & Important Election Dates