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Form 4598e for Hollywood Florida: What You Should Know
The retirement plan provides a monthly pension to an employee who is 60 years of age or older, married or single and, at the time of Death, has attained age 62 and has not completed any year of military service. This system provides an annual annuity of 10,000 to each beneficiary. These benefits will be paid as an additional monthly benefit, with monthly payments increasing with the annual increase in the market value of the underlying annuity. The final payment will be received within 6 to 9 weeks of the final year of service. This benefit is only available for employees who have a City-wide benefit agreement with the City. A 20 annual fee applies.
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