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    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. 

     

     

    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.  

     

     
     
     
    Deferred Retirement Option Program (DROP) - (Pension Plan members only)

    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.

     

      

    Additional Resources

     

     

FRS Lunch & Learn Video

FRS Pension Plan & DROP