Normal retirement is considered to be age 62 with 6 years of service or 30 years of service, regardless of age.
For Special Risk members, normal retirement is considered to be age 55 with 6 years of service or 25 years of service, regardless of age.
You will receive the full value of your retirement benefit once you've reached normal retirement eligibility.
If you elect to begin receiving your vested benefit prior to reaching normal retirement, it will be subject to early retirement reductions.
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Provided you are vested, there are no age or service requirements that must be met for you to receive a benefit under the Investment Plan.
You're entitled to receive the full value of your vested account balance when you leave FRS employment after meeting the distribution requirements of the plan, regardless of your age or years of service at that time.
Keep in mind that the Pension Plan's definition of normal retirement (see explanation under "FRS Pension Plan") does apply to eligibility for the Health Insurance Subsidy (HIS). If you leave FRS employment prior to eligibility for normal retirement, you won't be eligible to receive the HIS until you reach the age requirement for normal retirement (age 62, with at least 6 years of service and age 55 with at least 6 years of service if you're a Special Risk member). You should also keep in mind the possible tax consequences of taking cash payments from your account prior to normal retirement (see Taxability of Benefit section).
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