Florida Retirement System Pension Plan

Pension Plan Overview

This defined-benefit plan pays a guaranteed lifetime monthly benefit based on years of service and highest salary while working for an FRS-covered employer. Vested Pension Plan participants who reach their normal retirement age or full years of service may take advantage of the Deferred Retirement Option Program (DROP).

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: 8.47% for Regular Class; 25.48% for Special Risk Class
• Mandatory Employee: 3.00% of biweekly earnings
• Voluntary Employee contributions are not permitted to this plan

Forms

• FRS Pension Plan Beneficiary Designation Form
• FRS Pension Plan Forms

Publications

• Summary Plan Description
• FRS Member Handbook
• FRS Disability Benefits
• FRS Survivor Benefits

Resources

• FRS Pension Plan Information
• FRS Online Services (benefit calculator, service history, etc.)
• Division of Retirement (DOR) Calculations: (844) 377-1888
• MyFRS financial planners: (866) 446-9377
• Active Member’s Frequently Asked Questions

Loans/Hardship Withdrawals

Loans and hardship withdrawals are not permitted.

Update My Beneficiary

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

Ready to Retire?

Visit our Ready to Retire page for more information.