Remove print in the Investment Plan

Aug 6th, 2022
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  4. Find the option to remove print in Investment Plan and apply it.
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How to remove print in the Investment Plan

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Traditional retirement pension plan the State is responsible for managing the Pension Plan Trust Fund; You qualify for a benefit after 8 years of service. Your monthly benefit is guaranteed based on a formula using your salary, yrs. of service, FRS membership class, and age.
Loans and hardship withdrawals are not permitted.
You will be eligible for a Pension Plan benefit (i.e. be vested) when you complete six years of service (if you were enrolled in the FRS prior to July 1, 2011) or eight years of service (if you were enrolled in the FRS on or after July 1, 2011).
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.
If you have not vested before you terminate, you are not eligible for a benefit under the FRS Pension Plan. However, the service credit you earned is not lost and will be combined with any future service credit you may earn in covered employment in the future.
You can choose to have a full or partial lump-sum distribution of your Investment Plan account balance paid directly to you. You should think twice about taking a lump-sum payment.
Switching Plans Youll need to buy back in to the Pension Plan. If your Investment Plan balance is less than the buy-back amount you must make up the difference out of your own money. If your Investment Plan account balance is greater than the buy-back amount, your balance will be reduced by the buy-back amount.

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