Retirement

The Retirement of Credits is an action taken to remove a Credit from circulation within MIRECS. Retirement may be initiated only by the Account Holder for Credits in his/her own Accounts. Retirement is effectuated by transferring Credits into a Retirement Sub-account or a Group Retirement Sub-account. This Section outlines the steps on how to retire Certificates in MIRECS and focuses on the following areas: A. Retire Certificates for RPS Compliance B. Retire Certificates for General Purposes