RETIREMENT RESOURCES

Collier County Public Schools (CCPS) participates in the Florida Retirement System (FRS). There are two retirement plans available through FRS: the FRS Pension Plan and the FRS Investment Plan. Both plans require the employee to contribute 3% of their salary. This amount cannot be changed. CCPS also makes a contribution to the plan you choose based on contribution rates set by the Florida Legislature.

Each Plan is explained below, including information on the Deferred Retirement Option Program (DROP) available through the FRS Pension Plan only. 

Pension Plan

The FRS Pension Plan provides a guaranteed monthly retirement benefit to eligible retirees, which is based on a formula using your salary, years of service, FRS membership class, and age. The below links are specific to the FRS Pension Plan, which is administered by the Department of Management Services (DMS). The FRS Pension Plan can be reached by calling 844-377-1888 or by visiting www.dms.myflorida.com. 

• CCPS Pension Plan Retirement Guide
• FRS Pension Plan Member Handbook

Investment Plan

The FRS Investment Plan provides a lump sum benefit based on your account balance, which includes the employee's and employer's contributions, the performance of your investments, and account fees and expenses. The below links are specific to the FRS Investment Plan, which is administered by the State Board of Administration of Florida (SBA). Additional information regarding the FRS Investment Plan can be obtained by calling 866-446-9377 or by visiting www.myfrs.com.  

• CCPS Investment Plan Retirement Guide
• Investment Plan Summary Plan Description
• Investment Plan Retirement Checklist

The Deferred Retirement Option Program (DROP) is a voluntary retirement program that is available only to FRS Pension Plan members who qualify for normal retirement. For more information regarding DROP, review the links below, visit www.dms.myflorida.com, or call 844-377-1888.

• CCPS Guide to Entering DROP
• CCPS Guide to Exiting DROP
• FRS DROP Guide

Additional Resources

• FRS Retirement Videos
• FRS Workshop Video: Nearing Retirement
• BENCOR Special Pay Plan
• Voluntary Separation Form
• Medicare Coverage Options Overview
• Transition Into Medicare (Valery Insurance)
• www.aarp.org
• www.mymoney.gov
• www.ssa.gov
• www.medicare.gov

Contact Information

FRS Pension Plan & DROP                                                                  

844-377-1888 or www.dms.myflorida.com   

 FRS Investment Plan     

866-446-9377 or www.myfrs.com                                     

If you are ready to retire or have questions about retirement, you can also reach out to the Benefits & Wellness Office contact for your work location: