• frs
    Florida Retirement System offers two retirement plans, the Pension Plan and the Investment Plan.


    Pension Plan: Traditional Plan (8 year vesting requirement, effective July 1, 2011).  A defined benefit plan sponsored by the State of Florida which provides a monthly retirement benefit based on years of creditable service, the value of each year of service and the average final compensation of the five highest years of salary.

    Deferred Retirement Optional Program (DROP) DROP is available when you are vested and have reached your normal retirement date.  It allows you to retire while continuing to be employed by an FRS employer for up to 60 months (96 months under certain circumstances if employed as “instructional personnel” for the Florida School for the Deaf and the Blind or a grades K-12 school).  You must elect DROP participation within (12) twelve months after you reach your normal retirement date, unless you are employed as "instructional personnel.”

    Investment Plan: After 1 year of FRS service.  You are always fully vested in your own contributions as long as you remain in the Investment Plan.  Your FRS-covered employer provides the majority of your FRS retirement plan contribution based on a fixed percentage of your gross salary.  A mandatory 3% pretax contribution is deducted from your paycheck and deposited into your retirement account.

    Visit www.myfrs.com to learn more.


    FRS Publications


    Welcome to the Florida Retirement System


    Comparing the Plans: Investment Plan and Pension Plan



    Summary Plan Descriptions & Guides

    Florida Retirement System Pension Plan


    Pension Plan Member Handbook 2017 Edition


    Investment Plan Summary Plan Description July 2017


     How to Read Your Quarterly Investment Plan Account Statement


    Investment Plan- When your FRS Employment Ends July 2017



    For a complete list of FRS publications please visit https://www.myfrs.com/Resources_Publication.htm.

    Need extra help? 

    By calling the MyFRS Financial Guidance Line toll-free at 1-866-446-9377 (TRS 711), and selecting the correct option, you'll have access to experts who can answer all your questions about retirement planning, the FRS retirement plans, and managing your finances. This free service to all FRS members is a one-point source that will conveniently route you to the right source for information, including:

    • Option 1 - Plan choice information and financial guidance from expert, unbiased financial planners at EY
    • Option 2 - Help using and understanding the new CHOICE SERVICE and the ADVISOR® SERVICE from Financial Engines
    • Option 3 - Details about the FRS Pension Plan from experienced counselors at the Division of Retirement
    • Option 4 - Information about conducting FRS Investment Plan transactions from Alight Solutions, the Investment Plan Administrator

    Service hours are 9 a.m. to 8 p.m. Eastern time (8 a.m. to 7 p.m. Central time), Monday through Friday except holidays. (However, hours for the Division of Retirement are 8 a.m. to 5 p.m. Eastern; 7 a.m. to 4 p.m. Central.) 

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