The recent implementation of FPPA’s new Statewide Retirement Plan (SRP) created new ways for Members to plan and save for retirement, and for their Employers to help them reach their goals. These new features allow for extra contributions into FPPA
FPPA’s Year in Review 2022
In a lot of ways 2022 was the year that 2021 wanted to be. As Covid concerns and risks diminished, we saw many things return to, more or less, normal. For FPPA, 2022 was a busy, but successful year—on top of our normal business functions, our
What is DROP Affiliation?
Effective February 1, 2023, Employers have a new option to financially support their employees when they enter the Deferred Retirement Option Plan (DROP). Under the DROP affiliation process, Employers can now make monthly contributions of any amount
2023 SRA Transfer Updates
Part of FPPA’s recent legislation included a change to the way we handle Member Separate Retirement Accounts. For the most part, this change is administrative only: SRA funds are simply moving from one account type at Fidelity to another account type
Looking Forward to the New Statewide Retirement Plan
This article was originally published in FPPA's PensionCheck Newsletter Beginning in January 2023, current Members of the Statewide Defined Benefit Plan and the Statewide Hybrid Plan will participate in a new Plan, the Statewide Retirement Plan.
FPPA’s PensionCheck Newsletter is Published
The 2022 PensionCheck Newsletter is published! Many changes are coming to FPPA's Plans in the coming months, and this release will help you catch up on the very latest, including: Introducing FPPA's New Executive DirectorThe New Statewide