Retirement Guides
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BE FOREWARNED |
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When the Florida Retirement System (FRS) is less than 100 percent funded, the legislature may reduce future benefits to lessen plan liabilities, or may raise employee contributions to increase funding. The legislature may make changes to FRS at any time.
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Funding of the FRS Pension Plan |
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The FRS Pension Plan funding valuation takes place annually and is available December 1st. As of July 1, 2012, the FRS Pension Plan was 86.9 percent funded. You can view a chart that compares the plan's actuarial liabilities to the plan's actuarial assets for the past five fiscal years. The annual benefit payments to FRS retirees and beneficiaries (shown in white on the chart) are a part of the overall plan liabilities.
The market value of total assets of the FRS Pension Plan is updated monthly and is available here.
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You Have a Choice |
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The FRS also offers an Investment Plan with a shorter vesting period, which allows you to control your investments and take vested contributions with you if you leave government employment. After your initial plan selection, you are permitted to switch between plans once before terminating your employment. We strongly encourage all employees to take advantage of the no cost or obligation Advisory Services provided by Ernst & Young.
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Important Information |
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The FRS offers a variety of online tools, including videos and webcasts, covering pertinent educational topics such as: new hire plan choice, financial planning, plan provisions and more. Click here and take a few minutes to see what is available.
Please note that the Retirement Guides are large files and may take a while to display or download. Copies of these guides may be obtained from your personnel office or from the Division's Research and Education Section.
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Class Guides for Active Members | |
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Regular Class Retirement Guide - Guide to retirement benefits provided for Regular Class members. |
Special Risk Class Retirement Guide - Guide to retirement benefits provided for Special Risk Class members. |
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Senior Management Service Class Retirement Guide - Guide to retirement benefits provided for Senior Management Service Class members. |
Elected Officers' Class Retirement Guide - Guide to retirement benefits provided for Elected State and County Officers' Class members. |
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Special Plan Guides | |
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FRS Disability Benefits - Guide that informs members of the Florida Retirement System Pension Plan and Investment Plan of the process and requirements of applying for disability retirement benefits. |
FRS Survivor Benefits - Guide that explains the benefits available to eligible joint annuitants and beneficiaries of deceased members of the FRS Pension Plan. |
