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  • Form 5.20 Application For Imrf Pension - Dps109 - Dps109

Get Form 5.20 Application For Imrf Pension - Dps109 - Dps109

Application for IMRF Pension Congratulations on your upcoming retirement! Please follow the steps below to ensure a smooth transition from employment to retirement. 1. When to submit this form If.

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Your pension may be reduced if you retire before age 60, depending upon the amount of service credit you have. The lesser of: 1/4% for each month you are under age 60 or. 1/4% for each month of service credit less than 35 years.

You cannot work for any IMRF employer for at least 60 days after your pension start date. After 60 days from the pension start date, you may return to post-retirement work for an IMRF employer, as long as there was no pre-arranged agreement made before retirement.

Although you can retire as early as age 62, age 67 is your full retirement age. Your pension may be reduced if you retire before age 67, depending upon the amount of service credit you have.

Change in Beneficiary The member may change his or her beneficiary(ies) by filing a new Form 6.11, “Designation of Beneficiary.” IMRF recommends members use their online Member Access account to make beneficiary updates. A member who gets married, divorced, or whose spouse dies should file a new Form 6.11.

IMRF Will Not Reduce Your Social Security With the exception of a small number of people, IMRF members participate in Social Security in addition to IMRF, and you are entitled to full retirement benefits from each.

The IMRF Pension A Regular Tier 1 member needs at least eight years to vest (be eligible) to receive an IMRF Regular plan pension. The earliest age a Regular Tier 1 member can receive a pension is age 55 (reduced) and age 60 (full pension).

IMRF's Early Retirement Incentive (ERI) is an employer option that allows eligible members to purchase up to five years of service credit at retirement. For each month and/or year of service credit a member purchases, the member's retirement age is enhanced ingly.

Your highest average earnings will most likely come later in your IMRF career. If this is the case, the FRE used to calculate your pension will be your highest total earnings during any 48 consecutive months within your last 10 years of IMRF service, divided by 48.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
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