Retirement Application. Use this form to apply for any retirement under the Statewide Defined Benefit (SWDB) Plan or the Statewide Hybrid (SWH) Plan Defined Benefit Component. For an explanation of the different types of retirement benefits please refer to our web- site at ▇▇▇.▇▇▇▇▇▇.▇▇▇. If you have any questions, please contact a Retirement Coordinator at (▇▇▇) ▇▇▇-▇▇▇▇ or toll free at (▇▇▇) ▇▇▇-▇▇▇▇. • Please complete this Retirement Application at the time of retirement, or if participating in the Deferred Retirement Option Plan (DROP), at the time of electing to participate in DROP. Parts A, B, & D • to be completed by the applicant Part D • this section requires the signature of the applicant to be notarized Part E • to be completed and signed by the applicant's employer and then notarized • You will need to provide the following supporting documentation with this application: • Upon receipt of your completed application, FPPA will confirm applicable employment information and, if your retirement is payable immediately, calculate your benefit payment options. (If your retirement is not pay- able immediately, the benefit options will be calculated approximately 60 days before your payment start date.) The benefit options form will be sent to you for your election. • The information from this application will be presented for FPPA approval. • Your retirement benefit will initially be paid based on a preliminary calculation. The final calculation and any adjustments will be made approximately 90 days following your retirement. This process is used to help ensure that final contributions have been received by FPPA. • If you are using this application to enter the Deferred Retirement Option Plan (DROP), you must complete the FPPA Defined Benefit System Termination of DROP Participation form when you terminate employment. • If you are a member of the Statewide Defined Benefit Plan, the funds in your SRA, if applicable will be available to you after you terminate employment and FPPA has approved your retirement benefit. • If you are a member of the Statewide Hybrid Plan, the funds in your Money Purchase Component can be accessed by contacting Fidelity Investments at (▇▇▇) ▇▇▇-▇▇▇▇.
Appears in 2 contracts
Sources: Statewide Hybrid Plan Irrevocable Election to Participate in the Deferred Retirement Option Plan (Drop) and Resignation From Employment, Statewide Defined Benefit Plan Irrevocable Election to Participate in the Deferred Retirement Option Plan (Drop) and Resignation From Employment