Planning and considering retirement is an important decision, and having the right information is crucial. This webpage is here to provide you with all the relevant details about retirement from FSU. Our goal is to help you understand the retirement process and the benefits available to retirees.
In addition to the information found here, the FSU HR Benefits team is here to assist with any questions you may have. Please feel free to contact us at (850) 644-4015 or retirement@fsu.edu.
Which Plan are you in?
Florida Retirement System (FRS) Pension Plan
Contact the Division of Retirement at (850) 907-6500 or calculations@dms.fl.gov to request an audit of your pension account and an estimate of your retirement benefit based on your expected month and year of retirement.
Create an FRS Online account to have access to your FRS Service History and other important information.
Review the helpful workshops on the MyFRS website for topics ranging from financial planning to Social Security.
Contact the Division of Retirement at (850) 907-6500 or calculations@dms.fl.gov to request an audit of your pension account and an estimate of your retirement benefit based on your expected month and year of retirement.
Create an FRS Online account to have access to your FRS Service History and other important information.
Make an appointment with the Human Resources Benefits Section to review your estimate and complete the Service Retirement Forms Packet and FRS Health Insurance Subsidy Certification for Pension Plan Members (HIS-1). There are several other retirement-related benefits our team will discuss during this meeting, including retiree health insurance. Our office includes several notaries and will be able to notarize the documents at your appointment. You will need to provide the following documents at your appointment:
- Proof of birth – driver's license, passport, or birth certificate.
- If married, provide proof of birth for your spouse, such as a driver's license, passport, or birth certificate.
- If married and choose option 3 or 4, a copy of your government-issued marriage certificate will be required.
If you haven't already done so, create your account at FRS Online. Here, you can:
Add your direct deposit information for your monthly retirement payment (FSU is not on the state payroll system, so your direct deposit information from FSU will not carry over).
Update your tax withholding. Unless you change your withholding status, the Division of Retirement must withhold taxes as if the payee's filing status is single with no adjustments.
View your monthly retirement checks. You can view your monthly check with taxes withheld and any deductions.
Tax documents. You will find your end-of-the-year tax documents for your pension payments here.
- Important Note: Participants in the DROP are considered retirees by the FRS.
- Considering leaving or exiting DROP before your DROP End Date? (drop down)
The FRS will only allow “early” termination dates that are within 3 months of the termination date, so please notify the FSU HR Benefits office no more than 3 months before you plan to exit DROP.
Example: If you would like to exit DROP early in July, but it is January, you must wait until May to report your termination date to the FRS.
The FRS will mail or upload your DROP termination documents to your mailing address or your FRS Online account’s inbox.
Once you have these forms, please contact the FSU HR Benefits team to complete the forms and discuss other retirement-related items. There are several other retirement-related benefits our team will discuss during this meeting, including retiree health insurance.
If you haven't already done so, create your account at FRS Online. Here, you can:
Add your direct deposit information for your monthly retirement payment (FSU is not on the state payroll system, so your direct deposit information from FSU will not carry over).
Update your tax withholding. Unless you change your withholding status, the Division of Retirement must withhold taxes as if the payee's filing status is single with no adjustments.
View your monthly retirement checks. You can view your monthly check with taxes withheld and any deductions.
Tax documents. You will find your end-of-the-year tax documents for your pension payments here.
The FRS will mail or upload your DROP termination documents to your mailing address or your FRS Online account’s inbox approximately three months before your DROP End Date.
Once you have these forms, please contact the FSU HR Benefits team to complete the forms and discuss other retirement-related items. There are several other retirement-related benefits our team will discuss during this meeting, including retiree health insurance.
Florida Retirement System (FRS) Investment Plan
Create a MyFRS account to review your FRS Investment Plan account, manage your investments, and access important account documents.
Contact the MyFRS Financial Guidance Line at (866) 446-9377 to review your investment account and discuss your distribution options for when you retire with an expert financial planner from EY.
Review the helpful workshops on the MyFRS website for topics ranging from financial planning to Social Security.
Contact the MyFRS Financial Guidance Line at (866) 446-9377 to review your investment account and discuss your distribution options for when you retire with an expert financial planner from EY.
Make an appointment with the Human Resources Benefits Section to review your retirement and the FRS Application for Health Insurance Subsidy for Investment Plan Members. Our team will discuss several other retirement-related benefits during this meeting, including retiree health insurance.
If you haven't already done so, create your MyFRS account.
Review the FRS Investment Plan Termination Kit for additional distribution and retirement information.
You cannot take a distribution or a rollover from the FRS Investment Plan until you have terminated all employment in any capacity from all FRS employers.
If you meet the definition of normal retirement under the FRS, you can request a distribution of up to 10% of your account balance after one calendar month. Otherwise, you can request your account balance as a cash distribution or rollover after three calendar months. Distribution requests are handled directly through FRS by calling (866) 446-9377 or logging into your MyFRS account.
Once you receive a distribution or rollover from your Investment Plan account, you will be considered a retiree of the Florida Retirement System.
Optional Retirement Program (SUSORP or ORP)
Review your ORP account(s) with a representative of the Investment Provider(s) that you participate with.
- Important Note: If you were a member of the ORP in or before 2015, you may have multiple ORP accounts based on the State of Florida’s ORP contracts.
Review the helpful workshops on the MyFRS website for topics ranging from financial planning to Social Security.
Review your ORP account(s) with a representative of the Investment Provider(s) that you participate with.
Make an appointment with the Human Resources Benefits Section to review your retirement. Our team will discuss several other retirement-related benefits during this meeting, including retiree health insurance.
If you haven't already done so, create your FRS Online account. The Florida Division of Retirement will now allow ORP participants to submit an online version of the ORP-RETIRE-1 through their FRS Online account.
You cannot take a distribution or a rollover from the ORP until you have terminated all employment in any capacity from all FRS employers.
If you meet the definition of normal retirement under the FRS, you can request a distribution of up to 10% of your account balance after one calendar month. Otherwise, you can request your account balance as a cash distribution or rollover after three calendar months. Distribution requests are handled by either completing the ORP-RETIRE-1 or by submitting the online version of the form through your FRS Online account.
Once you receive a distribution or rollover from your ORP account, you will be considered a retiree of the Florida Retirement System.