If an Investment Plan member or Hybrid1 member becomes totally and permanently disabled, monthly disability benefits may be available under section 121.591(2), Florida Statutes, instead of benefits that might otherwise be payable.
The Division of Retirement administers the disability program for the Investment Plan members who wish to receive monthly benefits through the Pension Plan. Any Investment Plan member who wishes to receive disability retirement benefits must, in addition to applying for benefits with the division:
- Transfer all moneys accumulated under the member’s Investment Plan account to the FRS Trust Fund.
- Receive creditable service towards the years of service required to vest for disability benefits for service credit under the Investment Plan.
Eligibility requirements for disability retirement are the same for Investment Plan members and Pension Plan members as
described elsewhere in this booklet.
Once an Investment Plan member’s application for disability
retirement has been approved, he or she will be paid monthly benefits as of the effective disability retirement date. The application for disability retirement may be cancelled as long as the cancellation request reaches the division before a disability retirement warrant has been deposited, cashed, or received by direct deposit. Upon timely cancellation of your disability retirement application, your active participation in the Investment Plan will be reinstated, and all transferred funds will be returned to your Investment Plan account.
Reference: Sections 121.091(4), 121.4501, 121.591(2), and 121.73, Florida Statutes Rules 19 and 60S-4.007, Florida Administrative Code