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service and military); or 30 years of any creditable service, regardless of age, eligible immediately. Enrolling to FRS after June 30, 2011: Age 60 with eight years of special risk creditable service, or 30 years of special risk creditable service regardless of age, or 33 years of any creditable service regardless of age; eligible immediately. Special Risk Administrative Support Class: With at least six years of special risk class service, same as apply to Special Risk, above, otherwise same as apply to Regular Class above. DROP PARTICIPANTS DROP Participants are considered active employees while still in the DROP period. Upon actual retirement at the end of or during the DROP period the employee becomes eligible for certain post -employment benefit coverage. Eligibility requirements for retirement under the FRS Investment Plan are as follows. INVESTMENT PLAN Participants become vested after one year of service. There are no other age or service requirements that must be met to "retire" under the provisions of the FRS Investment Plan. However, to be eligible for OPEBs, employees must attain age 59% with at least 6 years of creditable service, or meet eligibility criteria applicable to similarly situated participants of the DB plan. LOSS OF ELIGIBLITY FOR RETIREE BENEFITS Any retired employee who is no longer deemed to be a retiree under section 112.0801, Florida Statutes, will no longer be eligible to participate in the Indian River County group insurance plan, Medicare Advantage plan, or self-insurance plan and will forfeit all other post -employment benefits, as permitted by law. The loss of post- employment benefits extends to all covered dependents of the retiree. OTHER POST -EMPLOYMENT BENEFITS The post -employment benefits include continued access to purchase of coverage for the retiree and dependents in the Medical/Prescription and Life Plans sponsored by the County. HEALTH-RELATED BENEFITS Eligible retirees may choose from the same Medical Plan options available to active employees of the Employer, subject to premium payment. In addition a Medicare Advantage plan is offered to eligible retirees. Similar to active members, retirees have the option to have their dependents covered, subject to the premium payment. Prescription Drug coverage is automatically extended to retirees and their dependents who continue coverage under the Medical Plan. Covered retirees and their dependents are subject to all the same Medical and Prescription benefits and rules for coverage as are active employees. Retirees and their dependents, who are Medicare eligible are required to enroll for Parts A and B under Medicare. For all Medicare eligible members, the Plan pays as the secondary payer. -z-