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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 .. 17 ENROLLING IN THE INVESTMENT plan .. 18 Determining Pension plan Present Value .. 19 Cancelling a Retirement plan Election .. 20 CONTRIBUTIONS .. 21 BENEFICIARY DESIGNATION.

4 The MyFRS Financial Guidance Program — Use It No Matter Which Plan You Choose Phone: MyFRS Financial Guidance Line: 1-866 -446-9377 (or Telecommunications Relay Service 711) • Online: MyFRS.com • Retirement and Financial Planning Workshops offered in some locations DISCLAIMER . This summary plan description is a …

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