Florida Retirement System Investment Plan

Defined Contribution Plan

The FRS Investment Plan is a defined contribution plan that allows participants to choose how to invest the money in their account. The benefit is based on the amount contributed and its growth over time.

Eligibility

• TEAMS
• USPS
• Faculty (Exception: Health Science Center Faculty are required to participate in the SUSORP)

Enrollment for New Employees

• Enrollment form for USPS and TEAMS-Non-Exempt (Hourly)
• Enrollment form for Faculty and TEAMS – Exempt (Salaried)

Contribution Rates

• Employer: 8.3%
  • Note: Employers also pay Admin fee/UAL to State of Florida. Therefore, the employer rate you see on your paychecks will be higher than the amount deposited into your account.
• Mandatory Employee: 3.00% of biweekly earnings.
• Voluntary Employee contributions are not permitted to this plan.

Forms

• FRS Investment Plan Beneficiary Designation Form

Publications

• Summary Plan Description
• Investment Fund Summary—Quick Guide

Resources

• FRS Investment Plan Information
• Online Account Access
• MyFRS financial planners (866) 446-9377

Loans/Hardship Withdrawals

Loans and hardship withdrawals are not permitted.

Update My Beneficiary

Complete the FRS Investment Plan Beneficiary Designation Form and fax it to the number on the form.

Ready to Retire?

Visit our Ready to Retire page for information.