Retirement & Risk Management
Retirement
As a newly hired employee, you may be eligible for retirement benefits as you begin your career and most certainly when you end your career, as well as at other times during your career as you make changes in the types of positions and type of service you hold in our district. Florida Retirement System currently provides three options for retirement benefits for eligible employees.
Contributions are made to eligible retirement accounts, while some are self-contributory and some contributions are made by the employer. Contribution rates change every year and change as your employee classification might change.
Members become eligible for normal retirement or unreduced retirement based on their age and /or service when they first meet one of the minimum requirements listed in the following section. Early retirement or reduced retirement may be taken after a member is vested and within 20 years of the normal retirement age; however, there is a 5 percent benefit reduction for each year remaining from a member’s retirement age to the normal retirement age.