Florida Retirement System Investment Plan

Investment Plan Overview

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
• Faculty (Exception: College of Medicine and Health Science Center faculty participate in the SUSORP)

Enrollment for New Employees

• Exempt/salaried employees:
  • Opt out of the SUSORP by faxing an ORP Enroll Form to UFHR Benefits at (352) 392-5166.
  • Complete an FRS Online Enrollment Form (ELE-1 Online). This form does not require a pin or account login.

• Nonexempt/hourly employees:
  • Complete an FRS Online Enrollment Form (ELE-1 Online). This form does not require a pin or account login.

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.