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SPECIAL NEEDS ANNUITY APPLICATION IMRF Form 5.20R (06/2013) INSTRUCTIONS If you stopped participating in IMRF after August 16, 1997, you may choose to reduce your monthly pension so you may either:.

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Although you can retire as early as age 50, age 55 is your full retirement age. If you retire: Between age 50 and 55, your pension will be reduced by 1/2% for each month you are under age 55. At age 55 or older, your pension will not be reduced.

The cap for 2023 is $123,489.18; this amount automatically increases annually by the lesser of 3% or by one-half of the increase in the Consumer Price Index (urban) for the preceding year.

To qualify for the SLEP plan, you must be a full-time deputy sheriff. A full-time deputy sheriff is one who works as a deputy 52 weeks a year (regular vacation excepted) for a full week (usually 35 to 40 hours a week) as defined by the county and sheriff.

A person employed in a position normally requiring performance of duty for 600 hours or more in the next 12 months following the employee's date of hire must participate in IMRF. It is the expected annual hourly requirements that determine participation; actual hours worked may be more or less than the hours expected.

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.

If you retire between age 55 and 60 with less than 30 years of service credit: your pension is reduced 1/4% for each month under age 60. − Under age 60 or − Of service credit less than 35 years. If you retire with 35 or more years of service credit and are at least age 55, there is no reduction.

The IMRF Pension Most IMRF members participate in IMRF's Regular plan. 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).

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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