Terminated/Separated Packet
If you are no longer employed with the City of Fort Worth, you may receive a refund of your contributions plus interest. However, if you are vested (five years of service) you have the option to leave your contributions with the Fund and receive a Vested Termination Pension at a later date.
The Vested Termination Pension is a monthly benefit payable: (1) on the date when the member would have otherwise attained normal retirement had the member remained employed by the City OR (2) in a reduced amount commencing on or after age fifty (50). Members who take a Vested Termination Pension are not eligible to take an actuarial equivalent Lump Sum.
If a member intends to take a Vested Termination Pension, they must complete the "Intent To Vest" application and return it to the Employees' Retirement Fund.
|