If you are a TRF Hybrid member under age 65, you may still qualify. If you are under age 65, you must receive a disability benefit to participate in the plan. For more information, contact the (Anthem) First Impressions Welcome team at (833) 848-8729, Monday through Friday, 8 a.m. to 9 p.m. ET. Alternatively, you can contact Brown & Brown at (317) 228-3772 or TRFhelpline@bbrown.com. 7.19 Re-Employment of Retired Members You may go back to work after you retire and continue receiving TRF Hybrid pension benefits. If you return to a TRF/PERF Hybrid position, you must have a separation of employment for a period of 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 will not be any limits 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. 7.20 Second Retirement Eligibility Only re-employed service earned prior to July 1, 2007, qualifies for TRF Hybrid second retirement. If you retired from a TRF 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 from PERF Hybrid if service requirements are met. However, if you retire from a TRF 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 from PERF Hybrid. See IC 5-10.2-4-10 and 35 IAC 14-8-1 for more information. 7.21 Changing Form of Benefit or Survivor AFTER Retirement You may change your survivor designation and or monthly pension benefit option without a major life event, after the retirement application has been processed. There is no limit on the number of times a change can be made; however, a fee may be assessed after the first change is processed. Changing your survivor or form of benefit will have an impact on the amount of benefit you receive. Changing your survivor or form of pension benefit after retirement must be done through completing forms and sending them to INPRS. These changes cannot be completed through logging into your account online. You can obtain a benefit estimate before authorizing a change. If a living spouse is removed, a divorce decree must be submitted, or the spouse must provide consent. You cannot elect to change to a 5-year guaranteed benefit. INPRS will need proof of birth of your new survivor as well as the marriage certificate if a new spouse is being named. If the new survivor is not a spouse, they must meet the age requirements as established by the IRS for a non-spouse joint survivor. Once the request is approved, the change will become effective at the time the completed application has been received. The benefit will be actuarially recalculated using all factors including annuity interest in effect at the time INPRS receives the completed form. NOTE: Changing a survivor may have a significant impact on your monthly benefit. Teachers' Retirement Fund Hybrid Plan Member Page 39 of 47 Handbook Effective: 07/01/2024
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