The Florida Retirement System

Every state has a public retirement system. Florida’s is one of America’s largest systems with over 900 agencies and 700,000 employees participating. What is the Florida Retirement System?


This is a state system for providing and organizing retirement funding to employees in the public sector. Employers in this sector must enroll their staff in this system, providing employees with three ways to prepare for retirement. Employees are expected to take part during their tenure with a public organization.

Members of the Florida Retirement System include elected officials, police men and women, firefighters, and other people who work in the public sector (that is, organizations paid for by taxes). All municipalities participate in this system, known as a 401a.

Pension Options

Men and women enrolled in this program are given three choices as to how their pensions will be organized. One is the regular pension. Clients earn a certain amount of money according to how long they have served in a given year and then how many years they have been on the payroll. The second is an investment option which is more risky but potentially more lucrative and becoming popular as consumers worry about the impact of inflation on their future income. Thirdly, public sector employees can decide on a hybrid option. In this case, after a certain number of years, the regular pension remains untouched but stops growing and subsequent contributions become part of an investment system.

Using the FRS Website

The Florida Retirement System website is full of information regarding retirement options, how each program works, guidelines, laws, and bulletins. Information is posted in multiple ways. Read in-depth PDF articles written in layman’s terms, shorter blurbs, watch videos, or take part in online workshops. They also offer a live chat option if you need personalized help during the working day. Information is neatly broken down to assist employers, employees, and retirees.

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