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Category Archives: FRS Investment Plan

Penalty Tax on Early Distributions from Investment Plan for Qualified Public Safety Employees

Under the Investment Plan, participants may choose to receive their account balance at termination of employment as a lump sum or to take periodic distributions. Generally, the amount an FRS participant withdraws from a qualified retirement plan before reaching age 59½ is called “early” distributions.  Generally, participants must pay a 10% early withdrawal penalty and […]

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