All new employees (except OPS) automatically become members of the Florida Retirement System (FRS) and are covered by Federal Social Security. The State pays most of the cost of the retirement contribution into the FRS fund. Two options are offered, the pension plan and the investment plan. Employees have 180 days from the date of employment to select an option. Social Security deductions are matched by the State.
Effective July 1, 2011
Any new employee enrolling in the FRS for the first time:
Eligibility for retirement (vesting) is gained by completing at least eight years of credible service and attaining age 65 or by completing 33 years of credible service regardless of age. For member of the Special Risk Class - Age 60 with 8 years of Special Risk Class service, or 30 years of Special Risk Class service regardless of age, or age 57 with 30 years of combined Special Risk Class service and military service.