FAQs

(4001) How can I change my name or mailing address if retired or terminated from the Investment Plan?

You can make these changes as follows:


  • You can make an address change online (name changes cannot be made online). Click here for further details.
  • You can request a name change form by calling the MyFRS Financial Guidance Line toll-free at 1-866-446-9377 and selecting Option 4 for Alight Solutions. You will need to complete and sign the form, and mail it (PO Box 785027, Orlando, FL 32878-5027) or fax it (1-888-310-5559) to Alight Solutions along with any required supporting documentation.
  • Instead of a name change form, you can mail (PO Box 785027, Orlando, FL 32878-5027) or fax (1-888-310-5559) a letter to Alight Solutions. The letter must include:
    • Your Social Security number;
    • A copy of the court order changing your name or
    • A copy of your Marriage Certificate reflecting your new name or
    • A copy of your driver's license reflecting your new name
(2080) Are there restrictions on my reemployment after I retire from the Investment Plan?

After you retire under the FRS, you can work for any private employer, for any public employer not participating in the FRS, or for any employer in another state, without affecting your FRS benefits.


If you are reemployed in any capacity (FRS-covered or non-covered) in your first year (12 months) of retirement by an employer participating in the FRS, the following apply.


You are considered retired once you terminate FRS-covered employment and request a distribution (including a rollover) from your FRS Investment Plan account. A distribution may not be issued until you have been terminated for 3 calendar months (except that if you have met the normal retirement requirements of the Pension Plan you may receive a one-time distribution of up to 10% of your account balance after 1 calendar month). So, if you are reemployed with an FRS employer prior to receiving a distribution of your benefits, you will not be considered to have terminated.


You may not be reemployed with an FRS-participating employer for the first 12 months after a distribution without suspending your retirement benefits. If you are reemployed by an FRS participating employer within the 6 calendar month period after retirement, your retirement will be voided. You and your employer will be required to repay any benefits you received; your FRS membership will then be reinstated. An alternative to repaying these benefits is to terminate employment for an additional period to satisfy the 6 month termination requirement.


You may not return to employment with an FRS-covered employer until you have been retired for 6 calendar months (i.e., 6 calendar months following the month in which a distribution was taken). If you've been retired for 6 calendar months, and you return to employment with an FRS-covered employer during the next 6 months after retirement, no additional Investment Plan distributions are permitted until you either terminate employment or complete a total of 12 months of retirement.


There is one exception to the restrictions on reemployment limitations after retirement. If you are a retired law enforcement officer, you may only be reemployed as a school resource officer by an FRS-covered employer during the 7th through 12th calendar months after your retirement and receive both your salary and retirement benefits.


After 1 Year
Once 1 year has passed since retirement, you can receive further Investment Plan distributions, even if you are reemployed by an FRS employer.


Renewed Membership
Effective July 1, 2017, retirees of the Investment Plan, State University System Optional Retirement Program (SUSORP), Senior Management Service Optional Annuity Program (SMSOAP), and State Community College System Optional Retirement Program (SCCSORP) are eligible for renewed membership in the Investment Plan, SUSORP, or SCCSORP. You must be employed in an FRS-covered position on or after July 1, 2017 in order to gain renewed membership. It is important to note this new provision does not afford renewed membership retroactively for the period of July 1, 2010 to June 30, 2017, nor does it grant disability benefits for renewed members. Renewed membership in the FRS is not available for retired members who are initially reemployed on or after July 1, 2010 through June 30, 2017.


Different termination requirements and reemployment limitations apply if you retired prior to July 1, 2010.


If you have any questions, contact the Financial Guidance Line at 1-866-446-9377, option 2, and speak with a financial planner.

(6) Do I have to pay federal income taxes on distributions from the Investment Plan?

Yes, you will owe income taxes on your entire distribution in the year it’s paid to you, unless you roll it over into another qualified plan.


  • A mandatory 20% will automatically be withheld from funds that are not directly rolled over into another tax-deferred retirement plan. This is required by federal regulations.
  • If you’re under age 59½ when you receive a distribution, you may owe an additional 10% federal tax penalty on the taxable portion of your distribution unless you meet one of the federal exemptions. For details, call 1-866-446-9377, Option 2.

For example, assume your account balance is $30,000 and you cash out. Depending on your tax bracket, with taxes and penalties, your balance may be reduced to $18,000. On the other hand, if you leave it in the Investment Plan until retirement age, you will not pay an early withdrawal penalty and your tax rate may be lower. Think carefully about whether the loss of income is worth it to you.


Your address impacts the withholding applied to the payment(s) you may receive from the Investment Plan. If your address is outside the United States, we’re required to withhold 30% of your taxable income, unless you’ve submitted additional documentation that supports a lower withholding rate.


  • If you’re a U.S. citizen and want U.S. withholding applied to your payment, you must complete a Form W-9.
  • If you’re not a U.S. citizen, you may complete a Form W-8BEN if your country of residence qualifies for a reduced tax treaty rate. Some countries have a 30% withholding rate, so providing the Form W-8BEN wouldn’t change your withholding. Other countries may have a withholding rate less than 30%, so providing the form would reduce the withholding applied to your payments. The treaty rates and Forms W-9 and W-8BEN can be found on the Internal Revenue Service (IRS) website at www.irs.gov. (See IRS Publication 519, U.S. Tax Guide for Aliens, and IRS Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities, for more information.) To receive the reduced withholding rate, if applicable, your form must be submitted and approved prior to your payment request. Please call the Investment Plan Administrator at 1-866-446-9377, Option 4, for additional information.
(155) Will reemployed retirees have to pay the 3% employee contribution?

Reemployed retirees initially reemployed by an FRS employer prior to July 1, 2010 and on or after July 1, 2017 are required to make the 3% employee contribution since they are permitted renewed membership in the FRS. Reemployed retirees initially reemployed by an FRS employer on or after July 1, 2010 through June 30, 2017 are not required to make the 3% employee contributions since they are not allowed renewed membership in the FRS.

(2228) Who is considered a rehired employee? A retired employee? A newly hired employee?
  • You are considered a rehired employee if:
    • you were formerly employed by an FRS-participating employer in a regularly established position that was covered for FRS purposes,
    • you terminated employment with an FRS-participating employer and did not take any distribution of benefits from the Investment Plan, and
    • you later returned to FRS-covered employment. Your Investment Plan account balance must have remained in the Investment Plan.

    If you return to FRS-covered employment, you will return to the Investment Plan, unless you decide to use your one-time second election option to change to the Pension Plan (see "Second Election" for further information).


  • You are considered a retiree from the Investment Plan if you terminate all employment with any FRS-participating agencies and take a distribution of any kind (lump sum, rollover, annuity, etc.). If you retired and returned to FRS-covered employment prior to July 1, 2010, you are considered a "reemployed retiree" who is a "renewed member" and subject to the laws and rules governing such employees. These laws and rules are enacted by the Florida Legislature and implemented by the appropriate agency and are subject to change.


    As a renewed member, you are considered a new employee and are entitled to choose within five (5) months following your month of enrollment in the FRS which retirement plan you wish to participate in: the Pension Plan or the Investment Plan. However, as a renewed member, you are not eligible to participate in the Special Risk Class, the Pension Plan DROP program, or receive disability benefits from either plan based on your renewed membership service. If these benefits are important to you, you should consider not taking a distribution upon termination from FRS covered employment, unless you are actually retiring and do not plan to return to FRS-covered employment in the future.


  • If you were reemployed between July 1, 2010 and June 30, 2017, you are not eligible for renewed membership in the FRS. You may have worked for an FRS-participating employer, but you were not eligible to earn additional retirement benefits under the FRS during this period.
  • Effective July 1, 2017, retirees of the Investment Plan, State University System Optional Retirement Program (SUSORP), Senior Management Service Optional Annuity Program (SMSOAP), and State Community College System Optional Retirement Program (SCCSORP) are eligible for renewed membership in the Investment Plan, SUSORP, or SCCSORP. You must be employed in an FRS-covered position on or after July 1, 2017 in order to be a renewed member. As a renewed member of the Investment Plan, you are eligible to enroll in the Regular Class, Special Risk Class, Special Risk Administrative Support Class Elected Officers’ Class or Senior Management Service Class, if the position meets the requirements to enroll in one of these classes.
  • You are considered a newly hired employee if you have never been employed by an FRS-participating employer in a regularly established position. As a new employee you will have until the end of the fifth month after your month of enrollment in the FRS to choose the Investment Plan, if you decide to do so. In the meantime you will be a member of the Pension Plan.
  • Effective January 1, 2018, as a new employee you will have until the end of the eighth month after your month of enrollment in the FRS to choose a retirement plan. If you do not choose a retirement plan during this period your default retirement plan will be as follows:


    Membership ClassPlan Default
    Special Risk ClassPension Plan
    All classes (except Special Risk Class)Investment Plan
(8003) Can Investment Plan participants designate their children as the recipients of their Health Insurance Subsidy (HIS) if they die?

No. Only the spouse of an Investment Plan participant can be beneficiary of the HIS after the Investment Plan Participant dies.

(2085) After I take disability retirement, if I feel better, may I work on a part-time or temporary basis, or under contract, for a public or private-sector employer and still receive my disability benefits?

No. Under Florida law, to be entitled to receive FRS disability benefits, your disability must prevent you from "rendering useful and efficient service as an officer or employee." Consequently, you may not draw disability benefits while you are gainfully employed in any capacity by any employer - public or private.

(2083) If I terminated my FRS employment some time ago, can I still apply for disability benefits?

Yes, under certain circumstances. If you can provide medical documentation, including certification by two different licensed physicians, that shows you were totally and permanently disabled at the time of your termination and continue to be totally and permanently disabled, you are eligible to apply for disability benefits. Additionally, you should not have left FRS-covered employment to accept employment with a non FRS employer.