PPeensnsiion Bon Beeneneffiitsts benefit. Complete the required online information on the RIPEA website or contact RIPEA for additional information. Contact RIPEA customer service at (317) 789-0244 (local) or 1-800-345-9214 (toll free). TTY contact at 1- 800-759-1089. Hours are Monday through Friday, 8:30 AM – 8 PM, ET. Retirement Medical Benefits Account (RMBA) for State of Indiana Employees RMBA is a medical reimbursement account that was created by the Indiana General Assembly and made effective August 1, 2007. The purpose of the RMBA Plan is to reimburse eligible retired employees of participating Plan employers for certain qualifying medical expenses they, their covered dependents incur. RMBA is a Health Retirement Account (HRA) that solely reimburses certain health insurance premiums after retirement. To be eligible to participate in RMBA, you must be a full-time employee of the State of Indiana. More information and the definition of eligible employees, retired participants, and participating employers are found in the RMBA Participant Handbook on the INPRS . websitehttps://www.in.gov/inprs/files/Retirement-Medical-Benefits-Account-Participant-Handbook.pdf The laws and regulations governing the RMBA plan may be found in IC 5-10-8.5 and Title 35 of the Indiana Administrative Code (IAC). 7.20 Re-Employment of Retired Members You may go back to work after you retire and continue to receive PERF Hybrid pension benefits. If you are returning to a PERF/TRF Hybrid position, you must have a separation of employment for at least 30 days. If you go back to work before 30 days or make an agreement to do so, your retirement becomes void. That means you will no longer receive a monthly pension benefit and will also have to pay back any money you received from INPRS. You will continue to earn service credit for when you do retire. If you acquire a job after retirement after meeting the 30-day requirement, there is no limitation on how much money you can make. You will also still receive your monthly pension benefit. No more money will be placed in your DC, and you will not be earning any more service credit. Your new job will not increase your pension benefit. If you retire from a PERF Hybrid-covered position and reemploy more than 30 days later in a position covered by the PERF My Choice: Retirement Savings Plan, depending on whether the employer offers PERF My Choice to re-employed retirees, you may be eligible to begin accruing a benefit under the PERF My Choice Plan. NOTE: Your PERF Hybrid retirement application is void if you have an agreement, formal or informal, prior to your retirement, with a covered employer to become re- employed in a covered position. 7.21 Second Retirement Eligibility If you retired from a PERF Hybrid-covered position and reemployed more than 30 days later in a PERF Hybrid-covered position on or before June 30, 2013, you are eligible for a second retirement if service requirements are met. If you retire from a PERF Hybrid-covered position and reemploy more than 30 days later in a PERF Hybrid-covered position on or after July 1, 2013, you are not eligible for a second retirement. Public Employees’ Retirement Fund Hybrid Plan Page 39 of 48 Member Handbook Effective: 07/01/2024
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