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Definitions, formulas, and primary sources behind every PensionForge projection.
2026 Special Session E · adjourned May 29 · 1 active entry
Getting started
The terms, plan structures, and account types that everything else builds on.
FRS plan options
Pension Plan vs Investment Plan — what goes in, when you vest, how DROP fits, and the fund menu.
Plan Election ExplorerAccount types
457(b), Roth IRA, and Traditional IRA — limits, tax treatment, and the public safety officer penalty exemption.
457(b) growthHealth Insurance Subsidy (HIS)
A separate monthly benefit on top of your FRS pension — eligibility, the $7.50-per-year formula, applying with Form HIS-1, and the appropriation caveat.
Key decision points
The rules at each major decision in your FRS career — and what the options are.
DROP explained
A walkthrough of the Deferred Retirement Option Program for FRS members, including how COLA accrues during DROP.
DROP modelingBenefit payment options
The four FRS pension payout options — what each one means for your monthly benefit and your survivor's.
Early retirement
The 5% per year reduction, the deferred alternative, and what happens when you separate before vesting.
Pension benefitLeaving FRS before retirement
The 2nd Election to the Investment Plan, the contribution refund, and your options when you separate before normal retirement.