TEAMS
Employees in the Technical, Executive, Administrative, and Managerial Support (TEAMS) group are eligible for FRS benefits.
Law Enforcement
Law enforcement officers are covered under the FRS and may receive enhanced benefits due to the nature of their service.
Faculty
Faculty members in Florida’s education system benefit from FRS retirement options, offering flexibility to suit their long-term financial and career goals.
Enrollment for New Employees
Upon joining a public-sector position in Florida, employees are automatically enrolled in the FRS, one of the most robust retirement programs in the country. As part of this process, new employees are required to select either the Pension Plan or the Investment Plan within their first few months of employment, so they have the opportunity to maximize the benefits available to them. Making the best-fit choice at this stage is crucial, as it sets the foundation for a financially secure and well-planned retirement.
Understanding FRS Contribution Rates
Both employees and employers play a key role in funding the FRS through regular contributions, with rates varying based on the employee’s role and the plan they’ve selected. These contributions are a cornerstone of the FRS, ensuring long-term financial stability and retirement security for public-sector workers. The contribution rates are carefully reviewed and adjusted by the state to keep the system aligned with economic changes and maintain its strength for the future.
