Latest Retirement News:

  • Think of the journey to retirement as if you are building a house from the ground up. Now is the time to create your plan of action and put it to work. Preparation is the key to success as you make your best effort to plan for your future.

    The Risk Management Retirement Team is available to assist with retirement preparation, submitting retirement forms, electing retiree insurance benefits, and saving for retirement through payroll deductions. 

     

     

     

    Risk Management Retirement Contact Information:

    Phone Number: (727) 588-6214
    Email Address:     risk-retirement@pcsb.org
    Address:     PCS Administration 301 4th St. SW, Largo, FL 33770
    Submit Retirement Applications: frsapps@pcsb.org 

    Schedule an Appointment:


    We encourage employees who need assistance or have retirement questions to schedule a one-on-one appointment. The Risk Management Retirement Team offers individual appointments for employees who are considering retirement and information gathering, submitting a Regular/Early Service Retirement application, entering DROP, retiring from DROP, submission of retirement Insurance forms, and retiring from the FRS Investment plan.

    Appointments are available in person, by phone or through Teams or Zoom. Notaries will be available, if necessary.


    Click here to schedule an appointment Today!


    The Retirement Team Summer Hours:

    The Retirement Team is here to help! We’re excited to support you this summer with any retirement-related questions, as well as assistance in submitting retirement applications and insurance forms.

     

    For more information, view the Risk Management Retirement Summer Hours Flyer, effective Monday, June 2, 2025.

     

     

    Thinking About Retirement?:
    Are you considering retirement? It's never too early to start preparing for retirement. Click on the link above to determine the best available retirement option for you! The Retirement Roadmap is a useful tool to prepare for all aspects of retirement.  It's a valuable resource for all employees, from new hires to retirees.

    Navigating Retirement: Plan Today, Retire Tomorrow!

     

    FRS Retirement Programs - General Information:
    As a public service employee, you may be a member of the Florida retirement plan. Florida's retirement plan may be a defined benefit plan or a defined contribution plan, and/or a hybrid plan.

    The Florida Retirement System (FRS) offers the option of participating in two FRS Retirement Plans: 
    The FRS Defined Benefit (Pension) Plan (which includes DROP) and the FRS Defined Contribution (Investment) Plan. 

    In order to reach FRS, call the MyFRS Financial Guidance Line toll-free at 1-866-446-9377. The FRS website (www.MyFRS.com) provides access to a variety of information on retirement. There is also a Chat Feature on the front page where you can chat with a representative.

    • Defined Benefit (Pension) Plan:
      Defined Benefit (Pension) Plans Guarantee a retirement benefit that is predetermined. The employer and employee contribute a specified percentage or amount to the plan. The amount of the retirement benefit is based on a formula that takes into account the year of service and average final salary.

  • Bencor Special Pay Plan 401A:
    The Special Pay Plan is offered to all school board employees if you are retiring, separating from service, or entering DROP. Employees who have accumulated "special pay" (sick leave and/or vacation pay) with a value of $2,500 or more will automatically have an account established for them and their money will be deposited in this account free of Social Security and Medicare Taxes, and deferral of federal income taxes. 

    • Retiree Insurance Benefits:
      You may participate in the Retiree Insurance program if you meet the following criteria at the time of your retirement. 

    • Information for Retirees:
      The Information Link for Retirees contains general information, financial links and resources, and contact information.

    • Investment Plan Retirement:
      The investment plan retirement benefit has no fixed level at retirement. It is primarily designed to serve shorter-service and mobile employees. The plan offers flexible distribution options, including a lump sum option. 

    • Retirement Savings Program:
      403B, 457, and Roth 403B
      Saving money for retirement is often a low priority in our busy lives. PCS offers a Voluntary Retirement Program that provides 2 pre-tax options and 1 post-tax option for saving for retirement. Convenient savings through payroll deductions from one of the authorized investment providers included on the PCS List of Providers. 

    • New Hire Retirement Options:

      As a new employee, you must choose between the two available retirement plans through the Florida Retirement System (FRS).  FRS offers you two retirement plans — the Investment Plan or the Defined Benefit Pension Plan.  You get to choose the one that’s right for you. FRS has many resources to help you understand your options and make the right decision. 

      Click on this link below:
      https://www.myfrs.com/NewHire.htm

      Remember: You have until 4:00 p.m. ET on the last business day of the 8th month after your month of hire to submit your choice.
      For more New Hire information, please go to the Newly Hired web page:       New Hire Information