Changes to FRS and DROP in 2023
2023 FRS Changes - Pinellas County
2023 FRS Changes · Deferred Retirement Option Program (DROP) Expansion · Health Insurance Subsidy Increase · Investment Plan Employer Contribution Rates · Special ...
HB 613 Provides an additional 36 months in DROP for Special Risk Class members who are correctional officers. HB 905 Removes time limitation for DROP ...
FRS EMPLOYER Newsletter - MyFRS
During the 2023 session, the Florida Legislature passed and the Governor approved Senate Bill 7024, which changes the Florida Retirement ...
Changes to FRS and DROP in 2023 - DROP Advisory Council
Changes to FRS and DROP in 2023 · Health Insurance Subsidy (HIS) – Effective July 1, 2023, the employer of each member of the · Deferred Retirement Option ...
Beginning July 1, 2023, volunteer services performed for an FRS employer's ... To change your DROP beneficiary, you must change the beneficiary of your retirement ...
Recent Changes in FRS DROP Legislation - My FRS Guide | Florida ...
DROP Period Extension: Under the new legislation, eligible members in a regularly established position can elect to participate in DROP for a ...
CS/SB 7024 — Retirement - 2023 Bill Summaries - The Florida Senate
Increase the DROP interest rate from 1.3 percent to 4 percent on DROP accumulations held on or after July 1, 2023. The bill increases the employer-paid ...
New 2023 FRS Legislation - Florida Retirement Resources
For Pension Plan members: DROP interest rates will increase from the current 1.3% annual rate of return up to 4.0%. This is still quite shy of ...
Legislative Updates to the Florida Retirement System - FSU HR
K-12 Instructional Personnel DROP Extension – Extended the maximum amount of time for K-12 Instructional Personnel, as defined by Florida ...
Division of Retirement - FRS Online - MyFlorida.com
Effective July 1, 2023, DROP accounts will accrue at an effective annual ... Several important changes to the DROP are now effective following recently ...
FAQ's for 2023 FRS Pension and DROP Changes - YouTube
On June 5th, 2023, Florida Governor Ron DeSantis signed SB 7024, thus making changes to the Florida Retirement System.
2023 Proposed FRS Changes to DROP, the Pension Plan, and ...
2023 proposed legislation would expand on these changes and add even more changes that can benefit members of both plans.
Deferred Retirement Option Program (DROP)
While you are in the DROP, your monthly retirement benefits accumulate in the FRS Trust Fund earning interest while you continue to work for an FRS employer.
2023 Florida Retirement System (FRS) Changes – effective 07/01/23
Deferred Retirement Option Program (DROP) Expansion. DROP is a pension plan program for employees who have reached their normal retirement.
[Video] 2023 Legislative Changes to FRS
On top of that, it increases the DROP interest rate from 1.3% to 4%. What does that mean to you in dollars? Assume a special risk participant ...
Information Releases / Employers / Retirement / Workforce Operations
]- June 6, 2023, 2023 Florida Retirement System Legislative Changes (distributed to all FRS Agency Heads and Retirement Coordinators). In the 2023 Regular ...
Learn about changes to the FRS Deferred Retirement Option Program
Extended DROP participation: Under the new legislation, eligible members in a regularly established position can elect to participate in DROP ...
July 2023 FRS DROP Updates - YouTube
As of July 1st, 2023, Ron DeSantis signed a bill that make changes to the Florida Retirement System. In this video, Don Anders discusses ...
FRS Programs Comparing the Plans Cost-of-Living Adjustments
FRS Pension Plan members who retired prior to July 1, 2011 will receive a 3% COLA each July 1. · You will receive a COLA on your July monthly benefit amount (if ...
Retirement - Justice Administrative Commission
***2023 Legislative Update – SB 7024 – DROP***. Senate bill 7024 was signed by the governor on June 5, 2023. Please refer to the memorandums and FRS ...