FPPA defined benefit plan Members face many important decisions when applying for retirement. Among the most important of these is selecting a payment option, i.e. whether to continue their benefit payments to a beneficiary after they die—and if so,
Coming February 6, 2025: New Payment Options
Early next year, FPPA will add two new payment options for Statewide Retirement Plan Members* when they apply for retirement. The new choices are variations on existing payment options: Future retirees will be able to select these options on
Announcing the New Online Retirement Application
In FPPA’s ongoing effort to streamline the retirement process for our Members, we are pleased to announce the launch of our online retirement application. Members approaching their desired retirement date can now complete their paperwork in the
5 Things to Know About the Hybrid Defined Benefit and Money Purchase Components
Within the Statewide Retirement Plan, there are several ways for Members to create a hybrid benefit of a pension and a self-directed investment account. The most common way to build a hybrid benefit within FPPA’s Plans is to enroll in the Hybrid
5 Things to Know About the Defined Benefit Component
Are you part of the Statewide Retirement Plan: Defined Benefit Component? Whether you're just starting out or nearing retirement, it's crucial to understand the ins and outs of your Plan benefits. Here are five things to know about the Defined
Employer Question: What is an Active Member?
It sounds like a philosophical question, but it actually comes up quite often from FPPA’s Employer contacts across the state… which employees at my department qualify for FPPA membership? With the widely varied jobs that make up a typical fire,