This waiting period allows the retirement contribution file to be processed and the Division to post contributions and termination dates. The retirement contribution files usually post by the 15 th of each month unless there is an error that delays the posting of contributions and termination dates.
Normal Retirement A member qualifies for normal retirement under the Investment Plan upon reaching a certain combination of age and years of service. Once the member has achieved normal retirement, they can take a one-time distribution of up to 10% of their Investment Plan account balance after being terminated for one full calendar month. The member’s date of termination must be on file before this type of distribution can be processed. The remainder of the account can be withdrawn after an additional two calendar months.
The table below explains when a member reaches normal retirement, according to the Investment Plan’s rules.
| Special Risk Class | All Other Membership Classes |
| Age 55 or older and one or more years of FRS-covered service | Hired after July 1, 2011 |
| Age 52 or older and 25 or more years of Special Risk and military service | Age 65 or older and one or more years of FRS-covered service |
| Any age and 25 or more years of Special Risk service | Any age and 33 or more years of FRS-covered service |
| Hired prior to July 1, 2011 | |
| Age 62 or older and one or more years of FRS-covered service | |
| Any age and 30 or more years of FRS-covered service |