What is the Florida Retirement System?
The Florida Retirement System provides pension plans and other retirement resources to its members. PHSC will choose which retirement plan to join. The Florida Retirement System (FRS) offers you two retirement plans — the Investment Plan and the Pension Plan. Upon employment at PHSC, you become a member of FRS and as an FRS member, you get to choose the plan that’s right for you.
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.