The ABC’s of DROP: A Comprehensive Chart
A thorough and easy-to-use chart displaying the four different DROP options side-by-side with examples, descriptions and pros vs cons.
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To DROP or Not to DROP…That is the Question
Florida employees face an important financial decision before officially retiring: select DROP or Second Election? Read more for related pros and cons and sample scenarios.
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Defined FRS Benefit Retirement Plans vs. Defined Contribution Retirement Plans
A defined FRS benefit retirement plan (pension plan) is an employer-sponsored retirement plan where the employee benefits are sorted out based on a formula using factors such as salary history and duration of employment. In the case of an FRS employee who was hired prior to July 2011, the formula uses the years of creditable […]
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Update on Closing the Florida Retirement Pension Plan
You may have read the paper recently about the Florida legislature’s goal of closing the door on the FRS pension plan to new hires starting in 2014. House Bill 7011 would prohibit government employees, police and firefighters, and teachers across the state hired after January 4th, 2014, from enrolling in the state of Florida’s pension […]
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Florida Attempts to Close The Florida Pension Plan
As most of you have probably hear, steps have been taken to close the Florida Pension Plan. The house speaker, Will Weatherford has a top priority to close the State’s traditional pension plan. There has been tremendous opposition form union representatives. This may help the State of Florida, but will do nothing to shore up the respect […]
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