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RETIREE BENEFITS AND SUBSIDY POLICY ELIGIBILITY FOR RETIREE BENEFITS Any employee of Indian River County who participates in and satisfies the Vesting, Disability, Early or Normal Retirement provisions of the Florida Retirement System (FRS) may be eligible for certain Other Post - Employment Benefits. Currently, the eligibility requirements for retirement under the FRS Defined Benefit Pension Plan are as follows. VESTING RETIREMENT Enrolling to FRS prior to July 1, 2011: Termination after 6 years of creditable service. Enrolling to FRS after June 30, 2011: Termination after 8 years of creditable service. However, there will be no OPEB benefits available after termination of employment, unless employee satisfies eligibility requirements for any other retirement benefits listed below and starts receiving retirement benefits from FRS. DISABILITY RETIREMENT Line of Duty: Members are eligible if totally and permanently disabled during the actual performance of duty. There is no service credit requirement. Non -Duty: Members are eligible if totally and permanently disabled after completing at least 8 years of creditable service. However, Members with renewed membership and DROP participants are not eligible for Disability Retirement. SURVIVORSHIP Line of Duty: Member died during the actual performance of duty. There is no service credit requirement. Non -Duty: Employment is terminated as a result of death after 6 years of creditable service for all classes of membership. EARLY RETIREMENT All employees may retire with a reduced pension benefit upon accrual of six years of creditable service (8 years if hired after June 30, 2011). However, employee must be 59 Y upon retirement in order to be eligible for post- retirement benefits. NORMAL RETIREMENT Regular, Elected Officers' and Senior Management Classes: • Enrolling to FRS prior to July 1, 2011: Age 62 with six years of creditable service, or 30 years of creditable service regardless of age; eligible immediately. • Enrolling to FRS after June 30, 2011: Age 65 with eight years of creditable service, or 33 years of creditable service regardless of age; eligible immediately. Special Risk: • Enrolling to FRS prior to July 1, 2011: Age 55 with six years of creditable service, or 25 years of special risk creditable service regardless of age, or age 52 and 25 years of creditable combined service (including special risk -1-