Department of Management Services
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Did you know?
The Florida Retirement System (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.
When the 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.
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 no cost or obligation Advisory Services provided by Ernst & Young.
Articles on Pension Plan Abuse