Copy address in the Investment Plan

Aug 6th, 2022
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Loans and hardship withdrawals are not permitted. Florida Retirement System Investment Plan | Current Employees ufl.edu retirement plans frs-investment ufl.edu retirement plans frs-investment
You are vested or eligible to receive future benefits under the FRS Pension Plan as follows: If you were initially enrolled in the FRS on or after July 1, 2011, you will be vested in the FRS Pension Plan after eight years of creditable service.
Payout Options Investment Plan. You can take a full or partial lump sum distribution of your account balance. You have a lump sum cash payment that you can use to pay health expenses or other necessary expenses (review the Tax Implications). Getting Ready to Go - MyFRS myfrs.com ready myfrs.com ready
While all benefit options are paid to you, the retiree, for the remainder of your lifetime, only Options 2, 3, and 4 allow you to provide a continuing monthly benefit to your beneficiary or joint annuitant in the event of your death.
Payout Options Investment Plan You are always vested in employee contributions and entitled to a distribution of these contributions. If you leave prior to attaining at least one year of service, any unvested account balance in your account after you leave will be frozen for five years following the date you leave. Changing Mid-Stream - MyFRS myfrs.com changing myfrs.com changing
If you leave FRS employment before youre vested in your Investment Plan benefit, you wont be entitled to any benefit (except for a distribution of employee contributions - see below). Your account balance will be placed in a suspense account, where it will accrue actual investment earnings.
Loans and hardship withdrawals are not permitted.
If you participated in the FRS Pension Plan you can either make the address change online by logging into FRS Online or by calling the Division of Retirement at 1-844-377-1888. Update Your Address - MyFRS myfrs.com updateaddress myfrs.com updateaddress

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