Provider Link: Florida Retirement System

To provide for retirement, County employees are members of the Florida Retirement System (FRS). These retirement benefits are briefly described below and, when incorporated into a plan including Social Security and Deferred Compensation, provide a measure of security during retirement.

The provisions of the FRS cover all regular status employees. The State of Florida's Department of Management Services, Division of Retirement is responsible for administration. The FRS offers two programs from which to choose: the Pension Plan and the Investment Plan. Employees must make an election during their CHOICE period as to which plan they want to participate in.

The County pays the total required contribution percentage of each employee's salary regardless of which retirement plan you choose. However, only the Investment Plan allows the employee to choose the investment funds into which the contributions should go. The County makes a separate contribution to the Health Insurance Subsidy (HIS) fund. The HIS pays eligible retirees a monthly benefit for each year of service to a maximum of 30 years. For 2009 this amount is $5.00 per month per each year of FRS service. The subsidy is to help offset some of the costs of purchasing health insurance once you have retired.

Information is available at the FRS web site .

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