Employees filling a "Regularly Established" position are automatically members of the Florida Retirement System (FRS). The FRS allows you to choose from one of two retirement plans: The FRS Pension Plan or the FRS Investment Plan. Additionally, the FRS offers free and personalized educational resources to help you understand your options and prepare for retirement. New employees must choose their FRS plan by the end of the eighth month following their month of hire.
The FRS Pension Plan is a traditional defined benefit program designed for longer-term employees who will be with the FRS for most of their career. It pays you a guaranteed monthly retirement benefit based on salary and years of service when you retire. You qualify for a benefit (i.e., are vested) in the Pension Plan after completing 8 years of creditable service with an FRS employer.
The FRS Investment Plan is a defined contribution program designed for employees who may leave the FRS before retirement. Your benefit is based on how much money is contributed into your account and how well that money grows over time. You qualify for a benefit (i.e., are vested) after completing 1 year of creditable service with an FRS employer. Your account is portable and you decide how much risk to take by allocating your account balance among investment funds.
The FRS offers free help to assist you with your FRS plan choice, the management of your retirement account and general financial planning questions. You can call the MyFRS Financial Guidance Line toll free at 1-866-44-MyFRS (1-866-446-9377; TTY: 1-888-429-2160) 9 a.m. to 8 p.m. ET, Mon.- Fri. (except holidays) to speak with experienced financial planners at no cost to you. You can also use the personalized online Choice Services and Advisor Services available at www.myfrs.com.
Contact Us
302 N. Wilson Street
Suite 203
Crestview, FL 32536
Monday – Friday
8:00 a.m. to 5:00 p.m.
Closed Saturday & Sunday
850-689-5870 (main)
850-689-5889 (fax)
302 N. Wilson St. - Suite 302
Crestview, FL 32536
1250 N. Eglin Parkway, Suite 100
Shalimar, FL 32579
Call 850-689-5050 or 850-423-1542 for all departments.