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Get Application For Separation-from-service Benefit

Benefit Claim Form B Rev. 12/2018PRIVATE EDUCATION RETIREMENT ANNUITY ASSOCIATION FUND (PERAA Fund) 16th Floor Multinational Bancorporation Centre, 6805 Ayala Avenue, Salcedo Village, City of Makati.

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Related links form

OPM SF 2812-A 2014 OPM SF 2812-A 2013 OPM SF 3112-2 1996 OPM Form SF 2801A 2013

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The Separation from Service exception sometimes called “Rule of 55” or “55 Rule” is an IRS provision that allows workers who leave their job for any reason to start taking penalty-free distributions from their current employer's retirement plan once they've reached age 55.

Use Standard Form (SF) 2801, Application for Immediate Retirement, to apply for an immediate annuity. You can obtain the form from your employing agency or from the Office of Personnel Management (OPM) website. Submitting the Application. Submit the completed application to your employing agency.

You must submit your reason for leaving on a Standard Form 52 (Request for Personnel Action). You must complete a Clearance Checklist (CPSC 236) and take care of any financial obligations before you leave. If you leave Federal service you receive a lump sum payment for any unused annual leave, not sick leave.

The IRS defines separation from service as the severance of an employee's ties with an employer, based on the continued provision of services and not on the legal status of the employee.

Severance of Service means termination of an Employee from a Participating Employer.

The Separation from Service exception sometimes called “Rule of 55” or “55 Rule” is an IRS provision that allows workers who leave their job for any reason to start taking penalty-free distributions from their current employer's retirement plan once they've reached age 55.

Employment separation occurs when an employment contract or at-will agreement between an employee and their employer ends. Some terminations will be forced by an employer, including getting fired, laid off, or furloughed. Other separations, like retirement or resignation, will be voluntary.

Date of Separation from Service means the date on which a Qualifying Termination occurs.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232