Transcription of SUMMARY PLAN DESCRIPTION - MyFRS
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SUMMARY PLAN DESCRIPTION - MyFRS
Florida Retirement SystemSUMMARY PLANFRS investment PlanDESCRIPTIONJuly 2018 TABLE OF CONTENTS DISCLAIMER .. 4 INTRODUCTION .. 5 investment 6 Defined .. 6 plan Information .. 6 Amendments or Termination of the plan .. 8 Public Records Exemption .. 8 Rights to a Benefit .. 9 Situations Affecting Your investment plan Benefits .. 11 investment plan HYBRID 13 MEMBERSHIP .. 14 Classes of Membership .. 14 investment plan Eligibility Requirements .. 15 Optional Retirement Programs .. 15 Dual Membership Not Allowed .. 16 Social Security Coverage .. 16 Portability .. 16 Employment Status Types.
The Investment Planis a defined contribution retirement plan qualified under Section 401(a) of the Internal Revenue Code. This means that employee and employer contributions made to each member’s
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