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Risk Management Retirement Contact Information:
Phone Number: (727) 588-6214
Address: PCS Administration 301 4th Street SW, Largo, FL 33770
Submit Retirement Applications: frsapps@pcsb.org  

Think of the journey to retirement as if you are building as if you are building a house from the ground up. Now is the time to create your plan of action and put it 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 savings 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 employee 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. 

Schedule an Appointment Today!

Thinking About Retirement?: Are you considering retirement? It's never too early to start preparing for retirement 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. 

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 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 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. 

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. 

Deferred Retirement Option Program (DROP): The Deferred Retirement Option Program (DROP) provides employees with the opportunity to retire and begin accumulating their retirement benefits for up to 60 months, without terminating employment. Please select the DROP Guide on the DROP link shown below to see if you are eligible to participate in the DROP plan. 

Retirement Savings Program: 403B, 475, 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 savings through payroll deductions from one of the authorized investment providers included on the PCS List of Providers. 

Retirement Savings Program - 403B, 457 and Roth 403B Info

 

Bencor Special Pay Plan 401A: The Bencor Special Pay Plan 401A 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. 

New Hire Retirement Options: As a New Hire, 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 choose the one that's right for you. 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: 
www.myfrs.com

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 Hire webpage: New Hire Information

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

PCS Informational Retirement Videos: The following videos provide some great information on subjects relevant to your retirement journey. 

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