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. 

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.

*IMPORTANT* BILL IMPACTS FRS RETIREMENT

Senate Bill 7024 was approved on June 5, 2023. This bill has changes that will impact the Florida Retirement System plans and the Retiree Health Insurance Subsidy.  

SENATE BILL 7024

This bill makes the following retirement changes:

• Revises the Deferred Retirement Option Program (DROP) by: 
• Eliminating the restrictive entry window for eligible members to participate in DROP. It now allows entry into DROP at any time after the member reaches their normal retirement date and their vesting requirement is met. 
• Increasing the maximum amount of time eligible members may participate in DROP from 60 to 96 calendar months for all membership classes; 
• Allowing instructional personnel, as defined in s. 1012.01(2)(a)-(d), Florida Statutes, to extend their DROP participation for up to 24 calendar months in addition to the 96 months; and 
• Increasing the interest rate applied to a member's accrued monthly benefit from 1.3% to 4%, effective July 1, 2023.
• Increases the monthly retiree Health Insurance Subsidy from $5 to $7.50 for each year of creditable service. The maximum monthly benefit is adjusted from $150 to $225 and the minimum monthly benefit is adjusted from $30 to $45, effective July 1, 2023. 
• Amends the normal retirement date for Special Risk Class members initially enrolled on or after July 1, 2011, to be the earlier of 25 years of creditable services, or age 55, effective upon becoming law. 

Current DROP participants (who entered prior to June 5th, 2023) may apply for the continuation of DROP (from 60 months to 96 months) during the year of their DROP termination date, or approximately 90–120 days prior to your DROP termination date.  If approved, new DROP forms (DP-ELE) will need to be signed by the employer and submitted to the Division of Retirement prior to your current DROP termination date.   

If you are interested in entering DROP, the revised DROP Application is available online.

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.