FRS Creates Retirement Legislation Web Page
The Florida Retirement System (FRS) has released additional information regarding the substantive changes made by the Florida Legislature to state employee benefits. FRS expects the bill to be signed by Governor Rick Scott shortly. To help employees understand the changes that have taken place, FRS has created a "2011 Retirement Legislation" page on MyFRS.com.
This page is accessible in three ways:
In the Alerts & Hot Topics Box on the MyFRS.com homepage;
Via a pop-up box that will appear when you first go to MyFRS.com; or
Directly by clicking here.
The page contains the following information:
2011 Legislation Summary – Brief summary of the changes made to the FRS.
Legislation FAQs – Most commonly asked questions regarding the legislation.
Take-home Pay Calculator – Calculator to assist members in estimating the impact of the 3% contribution on their take-home pay.
Retirement Legislation Proposed in 2011 – Summary of all retirement bills proposed during the 2011 legislative session.
FRS will update this page as additional information becomes available.
In addition, FRS will mail letters to all Investment Plan, Pension Plan, and State University System Optional Retirement Program members in mid-June summarizing the legislation.
If state employees have any questions, call the MyFRS Financial Guidance Line at 1-866-446-9377, Option 2 (TRS 711) or contact your HR benefit representative.