hfrrf.org
·  Definitions of Retirement Benefit Types
·  Deferred Retirement Option Plan (DROP)
·  Post Retirement Option Plan (PROP)
·  How to Calculate the DROP and PROP Earnings Rate
·  Survivor Benefits FAQ
·  Pension Disbursement Schedule
·  Financial/Retirement Seminars
·  Calculator (Includes member information and available forms
·  Family Services Update
·  Summary Plan Description


 

Definitions of Retirement Benefit Types

This section describes each retirement benefit offered by the Fund, based on member eligibility.

Deferred Retirement Option Plan (DROP)

Frequently Asked Questions (FAQ)


Calendar

This schedule provides a list of deadlines for DROP counseling appointments and application submission, based on DROP effective dates.
            
2010

Post Retirement Option Plan (PROP)

Frequently Asked Questions (FAQ)


Policies and Procedures


Statute


Calendar

This schedule provides a list of deadlines for PROP counseling appointments and application submission, based on PROP effective dates.
     
2010

How to Calculate the DROP and PROP Earnings Rate

Survivor Benefits FAQ


Pension Disbursement Schedule

The Fund’s custodial bank establishes a schedule for monthly pension payment processing. Information will be provided in this section regarding direct deposit and check processing.

The Fund offers seminars to active and retired members that are designed to promote personal financial management and retirement planning. These seminars are conducted by Fund staff and subject experts. Some of the topics included are: Review of the HFRRF policies and procedures; Social Security; Insurance; Estate Planning; Cash Flow; and Debt Management.


Calculators and Member Services

Members may use this feature to access pension and financial calculators, pension information and download member services forms. Also, active members will be able to obtain pension estimates for benefits that they are eligible for. All member information is strictly confidential.

The Fund provides additional member services through the Family Services Counselor, Kristi Marx. View this section for items of interest to retirees and beneficiaries such as information and referrals regarding local agencies, support groups, advocacy, and emotional support.

Summary Plan Description

The SPD is a comprehensive overview of the pension plan. This informative tool includes a plan summary, the pension benefits policies and procedures, and a copy of the governing statute.