Transcription of WHEN YOUR FLORIDA RETIREMENT SYSTEM …
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WHEN YOUR FLORIDA RETIREMENT SYSTEM …
FLORIDA RETIREMENT SystemYour FRS Investment Plan Distribution Options and Special Tax NoticeWHEN your FLORIDA RETIREMENT SYSTEM EMPLOYMENT ENDSFor Investment Plan Members:July 2022 ContentsWhat s your Next Step? ..1 when your FRS Employment Ends ..2 Vesting ..3 Other Things to Think About Before Choosing a Distribution ..4 Normal RETIREMENT ..5 Taxes and Penalties ..7 Distribution to request a Distribution ..11 How to Earn Credit Toward Another RETIREMENT ..13 Automatic Distributions ..13 Required Minimum Distributions ..14 Keeping your Contact Information Up to Date ..15 How to Access your Check Advice and 1099-R Form ..15 The Health Insurance Subsidy ..16 Special Tax Notice ..18 Este Folleto Est Disponible en Espa olVisite , haga clic en Publicaciones y busque el enlace debajo de s your Next Step?
1. You can request a distribution only under these two circumstances: 1. All FRS employment (see page 2) has been terminated for at least three full calendar months. Here’s an example: Month terminated 1st full month 2nd full month 3rd full month Eligible for distribution JANUARY FEBRUARY MARCH APRIL MAY 2. You have reached normal retirement.
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