This program is available to full-time employees at the time of hire as long as their position lasts six months or more.  The FRS is noncontributory for members; the employer makes contributions.  Employees vest their FRS benefits after completion of six years of creditable service, effective 07/01/2001.

• Florida Retirement System (FRS)
• Conference Presentation 03/10/2005
• DROP Program Presentation
• Medicare
• Health Insurance Subsidy

Preparing to Retire - Florida Retirement System (FRS)

1. Request an Estimate
   1. Complete an FR-9 form available at http://dms.myflorida.com/dms2/content/download/16587/91807/version/4/file/FR-9.pdf or by email Calculations@frs.state.fl.us
   2. FRS will mail the estimate to your home address.
   3. Contact the Benefits Dept. at (305) 237-2010 to set up an appointment with the Benefits Manager or the Benefits Supervisor.
2. Vesting - (Service requirement)
   1. 6 years of service (Any FRS employer)
3. Eligibility Requirements for Normal Retirement Benefits
   1. 6 years of FRS service at age 62 or
   2. 30 years of FRS service at any age
   3. Early retirement options - Benefit reduced 5% per year under age 62
4. Required documents for Normal Retirement
   1. FR-11 (Application for Service Requirement)
   2. FRS-11o (Option Selection for FRS Members)
   3. Birth Date Verification (a list of acceptable items is available at www.myflorida.com/frs
5. Eligibility for DROP (Deferred Retirement Option Program)
   1. 6 years of FRS service at age 62 or
   2. 30 years of FRS service at any age

   Exception : If you complete 30 years of service before you attain age 57, you may defer participation in DROP and elect to begin at any time between the month after you complete 30 years of service and the month you attain age 57 and still participate for up to 60 months.

However, if you miss that date and wish to participate, you still have 12 months to make the election, until the month before you would turn age 58.

6. Required documents for DROP (Deferred Retirement Option Program)
   1. DP-11 (Application for Service Requirement)
   2. FRS-11o (Option Selection for FRS Members)
   3. DP-ELE (Notice of Election to Participate in the Deferred Retirement Option Program)
   4. Birth Date Verification (a list of acceptable items is available at www.myflorida.com/frs