Florida Retirement System
Navigating You Through The Complex Waters of the FRS
We believe that every member of the Florida Retirement System (or FRS*) should be educated on the benefits allowed to them. At Voyage, we provide guidance to understanding those benefits and help you discover how you can leverage them in your retirement strategy. Please see the video below for more information and resources on the key aspects of the FRS.
What Is the FRS?
Put simply, FRS is a Florida‐state‐run retirement plan for state and county workers. As a county employee, you are a member of the Florida Retirement System or FRS. As such, you have the option of two retirement plans: Pension or Investment.
Deferred Retirement Option Program (D.R.O.P.)
D.R.O.P., or the Deferred Retirement Option Program, allows you to maintain your employement and continue to receive your salary while your pension is paid into a Trust Fund with the State of Florida, tax deferred.
There are a lot of factors to consider when making a big decision like whether or not to register for D.R.O.P. and these factors vary from person to person so it’s important to consider your personal circumstances when making this decision. We invite you to register for our online webinar: D.R.O.P. or Not?
If you’ve already decided to enter the program, we’ve put together an Entering D.R.O.P. Checklist just for members like yourself, you can read it here.
