State of Florida

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Accessing your money before retirement

Your plan was established to encourage long-term savings, so withdrawals prior to age 59½ might be subject to federal restrictions and a 10% federal tax penalty.
Generally, depending on your employer’s plan provisions, you may withdraw your vested account balance after you have been separated from service for 3 calendar months if you meet one of the following requirements:

  • Early retirement (after age 55) or separation from service
  • Your death or total disability

In addition, you must begin taking distributions once you reach age 70½ or you retire, whichever is later.

Please be sure to check with the State’s ORP office to understand potential restrictions before withdrawing money from your ORP account.

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