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Returning to FRS employment
Working after FRS Retirement
More and more retired Florida Retirement System employees are coming back to work for the same or new FRS employer. Each returning member should know the rules before they are hired.
There are time frame restrictions for all FRS members, but they differ slightly whether you leave the FRS Pension or Investment Plan. Regardless of which plan you retire from you only be permitted to establish new employment under the FRS Investment Plan. Also note this will apply only to members who have submitted FRS retirement, not those who have resigned or taken leave from a Florida Retirement System covered employer.
Retired from Pension
Members retiring from the FRS Pension plan will have a retirement date or in cases of DROP, the last day of drop will be the retirement date.
|
Return to work |
Within 6 months |
After 6 months |
|
Penalty |
Retirement voided, you and employer must pay back Pension payments and DROP dollars |
None |
Retired from Investment Plan
You will be considered a retiree once you have terminated your FRS employment AND taken a distribution from your FRS Investment plan (a $1 distribution will qualify)
|
Return to work |
Within 6 months |
After 6 months |
|
Penalty |
Return any contributions withdrawn from investment plan account |
None |
information from www.myfrs.com
