Protect Your Retirement Income
Understanding your FRS benefits is crucial for planning a secure retirement. Whether you're in the Pension Plan or Investment Plan, making informed decisions can significantly impact your financial future.
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Comprehensive FRS, DROP, and retirement strategies for Florida educators.
Understanding Your FRS Options
Florida offers two retirement plan options for public employees. Each has unique benefits depending on your career goals.
Defined benefit plan with guaranteed monthly income based on years of service and final average compensation.
- Guaranteed lifetime income
- Cost of living adjustments (COLA)
- Survivor benefits available
Defined contribution plan where you manage your own retirement investments with employer contributions.
- Portable if you change employers
- You control investment choices
- Immediate vesting of your contributions
Calculate Your FRS Pension
See exactly how much you could receive in retirement. Enter your details below for an instant estimate.
FRS Pension Benefit Estimator
For Florida Retirement System Members
Average of your 5 highest fiscal years
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FRS Percentage Values:
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Understanding DROP
When FRS members reach normal retirement age, they may elect to participate in the Deferred Retirement Option Program. Under this program, participants effectively retire while delaying retirement.
During the DROP period, monthly FRS benefits accumulate in a DROP account while participants continue to work and earn a salary.
DROP Benefits Include:
- Continue earning your salary while retirement benefits accumulate
- Receive a lump sum at the end of your DROP period
- Maintain health insurance and other employment benefits
- Flexibility to work up to 8 years in DROP
- Guaranteed rate of return on DROP accumulation
Educator Retirement Strategies
Watch this video to learn how to maximize your FRS benefits and create a secure retirement.
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