Pension Plan

Florida Retirement System Pension Plan

Who Pays?

PHSC and You pay 3%

When You Are Eligible

As soon as employed.

What You Receive

As of July 1, 2021, PHSC contributes an amount equal to 10.82 % of your gross pay into the FRS monthly. The employee contribution rate is 3.00% of your gross pay on a pre-tax basis. You have a CHOICE between the FRS Pension Plan and the FRS Investment Plan. You will receive a CHOICE package from the Florida Retirement System during your second month of employment that will explain the differences in the Plans. The retirement plan you choose will be credited with the employee and PHSC’s contribution from your first day of employment. As of July 1, 2011, you are considered vested in the FRS Pension Plan after working eight (8) years with an FRS employer. Members enrolled prior to this date are considered vested after working six (6) years with an FRS employer. You are considered vested in the FRS Investment plan after working one (1) year with an FRS employer.