Florida Poly offers great options for retirement. From the required selection of a state plan to additional voluntary retirement plans, our employees have many opportunities to save and prepare for their future.
Eligible employees will participate in one of three retirement plans administered by the State of Florida: Florida Retirement System Pension Plan, Florida Retirement System Investment Plan, or the State University System Optional Retirement Program.
A defined benefit plan that pays a guaranteed lifetime monthly benefit using a formula based on service and salary while working for an FRS-covered employer. Pension Plan participants who reach their normal retirement date may take advantage of the Deferred Retirement Option Program (DROP) program.
A defined contribution plan where the benefit depends on the amount of money contributed to employee’s account and its growth over time. Participants decide how to allocate the money in their account among the available investment funds.
A defined contribution plan where the benefit depends on the amount of money contributed to employee’s account and its growth over time. Participants decide how to allocate the money in their account among the available investment funds. Available to faculty and A&P employees only.
