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This document serves as an application for eligible members of Group F to participate in the Discontinued Retirement Service Program (DRSP) as per the Montgomery County Retirement Law guidelines.
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How to fill out application for discontinued retirement
How to fill out APPLICATION FOR DISCONTINUED RETIREMENT SERVICE PROGRAM
01
Obtain the APPLICATION FOR DISCONTINUED RETIREMENT SERVICE PROGRAM form from your employer or relevant agency.
02
Fill in your personal information at the top of the form, including your full name, address, and contact details.
03
Indicate your retirement service program details as requested on the form.
04
Provide the reason for discontinuation in the designated section; be clear and concise.
05
Review all entries to ensure accuracy and completeness.
06
Sign and date the application form at the bottom.
07
Submit the completed form to the appropriate office or department by the specified deadline.
Who needs APPLICATION FOR DISCONTINUED RETIREMENT SERVICE PROGRAM?
01
Employees who wish to discontinue their participation in a retirement service program.
02
Individuals who are transitioning to a different retirement plan or have changed their employment status.
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People Also Ask about
How to apply for DSR?
There are three main requirements to obtain a DSR. First, you need to have received an involuntary separation. Second, you have to meet certain age and service requirements. Third, you must not have rejected a “reasonable offer” of employment from your agency.
What is the difference between deferred and postponed retirement?
Postponed Retirement: Allows reinstatement of Federal Employees Health Benefits (FEHB) insurance, life insurance, and supplemental dental and vision coverage. Deferred Retirement: Does not allow for the reinstatement of these insurance benefits.
What does retirement scd mean?
Service Computation Date (SCD) There are four types of SCDs: Leave, Retirement, Thrift Savings Plan, and Reduction-In-Force (RIF). The Leave SCD determines whether the employee will earn four, six, or eight hours of annual leave each pay period, and is reflected in block #31 of the Standard Form (SF) 50.
What are the three types of retirement?
There are actually 3 different types of retirement: Traditional retirement. Semi-retirement. Temporary retirement.
What's the difference between Vera and discontinued service retirement?
VERA is not the same as Discontinued Service Retirement (DSR). Although the annuity computation formulas and the minimum age and service requirements are the same, DSR is an involuntary action, while VERA is a voluntary action. DSR may not be used in combination with VSIP, which requires a voluntary separation.
Can you get severance and discontinued service retirement?
Effect of DSR On Benefits Value and cost depend on elections made at retirement. Although the criteria (involuntary separation) for DSR is the same as the criteria for severance pay, severance pay is NOT payable in situations in which the employee is eligible for DSR.
What is the difference between Vera and discontinued service retirement?
VERA is not the same as Discontinued Service Retirement (DSR). Although the annuity computation formulas and the minimum age and service requirements are the same, DSR is an involuntary action, while VERA is a voluntary action. DSR may not be used in combination with VSIP, which requires a voluntary separation.
Do you get FERS supplement with discontinued service retirement?
For employees who retire under discontinued service (involuntary) retirement provisions or under early retirement provisions (that is, a major reduction in force, reorganization, or transfer of function), the supplement is payable when they reach their MRA if they retire at a younger age.
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What is APPLICATION FOR DISCONTINUED RETIREMENT SERVICE PROGRAM?
The APPLICATION FOR DISCONTINUED RETIREMENT SERVICE PROGRAM is a formal document that individuals use to request discontinuation of their participation in a retirement service program, allowing them to withdraw or modify their retirement plan.
Who is required to file APPLICATION FOR DISCONTINUED RETIREMENT SERVICE PROGRAM?
Individuals who wish to opt-out of a retirement service program or discontinue their retirement benefits must file the APPLICATION FOR DISCONTINUED RETIREMENT SERVICE PROGRAM.
How to fill out APPLICATION FOR DISCONTINUED RETIREMENT SERVICE PROGRAM?
To fill out the APPLICATION FOR DISCONTINUED RETIREMENT SERVICE PROGRAM, individuals need to provide personal information, specify the reason for discontinuation, and sign the document to authorize the request.
What is the purpose of APPLICATION FOR DISCONTINUED RETIREMENT SERVICE PROGRAM?
The purpose of the APPLICATION FOR DISCONTINUED RETIREMENT SERVICE PROGRAM is to formally notify the retirement plan administrators of an individual's decision to terminate their participation in the program and to process any necessary changes to their retirement benefits.
What information must be reported on APPLICATION FOR DISCONTINUED RETIREMENT SERVICE PROGRAM?
The information that must be reported includes the participant's personal details, the specific retirement program affected, the date of discontinuation, the reason for discontinuation, and any other relevant identification or contact information.
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