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Glossary |
R
Reemployment
This term means employment after retirement and is generally limited to employment
with employers participating in the FRS. However, if you are a disability retiree, reemployment occurs
whenever you are gainfully employed by any employer, public or private.
Reemployment after Retirement
This term means employment after retirement under the Florida Retirement System and refers to employment with employers participating in the system. However, if you are a disability retiree under the Florida Retirement System, proscribed reemployment occurs whenever you are gainfully employed by any employer, public or private. Also called Re-employment.
Regular Class
A class of FRS membership to which most employees belong unless they are what is known as "special risk class" employees. See also definition for "Special Risk Class".
Regularly Established Position
In state government, a regularly established position is a full-time or part-time position authorized by law and paid from a salary appropriation or salary account (not a temporary position, such as one paid from an "other personal services" or "OPS" account). At the local level, a regularly established position is one that will last beyond 6 consecutive months. Regularly established positions are covered for retirement under the Florida Retirement
System.
Rehire, Rehired Employee
An employee who previously left FRS employment, did not draw retirement benefits, and is now returning to FRS employment.
Retirement
Under the Investment Plan, this term means the point at which you are vested, have
terminated all FRS-covered employment, and have taken a distribution from the Plan.
Retirement Choice Kit
A set of materials mailed to an employee's home which contains a personalized Benefit Comparison Statement and a number of other key resources.
Roll-over
To take the amount in which you have vested as a member of the Investment Plan and move it to another qualified retirement fund. For example, upon terminating from state employment, you could roll-over your vested funds to a qualified IRA or to your new employer's retirement program (if it is qualified).
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