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42<!-- End Google Tag Manager (noscript) --> 43 44 <!-- Top black bar --> 45 <section class="headerbar hidden-xs"> 46 <div class="container"> 47 <div class="row"> 48 <div class="col-md-1 col-sm-2"> 49 <a href="index.html"><img src="img/My-FRS-Logo.jpg" class="logo" alt="" /></a> 50 </div> 51 <div class="col-md-5 col-sm-5 white text-left logo-text"><a href="index.html" class="privacy">Florida Retirement System</a></div> 52 <div class="col-md-6 col-sm-5 text-right head-note"><span class="white">Welcome to Choose MyFRS Retirement Plan</span></div> 53 54 </div> 55 </div> 56 57 </section> 58 59 <!-- Navigation --> 60 <nav class="navbar navbar-default" role="navigation"> 61 <div class="container"> 62 63 <!-- Brand and toggle get grouped for better mobile display --> 64 <div class="navbar-header"> 65 <button type="button" class="navbar-toggle" data-toggle="collapse" data-target="#bs-example-navbar-collapse-1"> <span class="sr-only">Toggle navigation</span> <span class="icon-bar-container"><span class="icon-bar"></span> <span class="icon-bar"></span> <span class="icon-bar"></span> </span> </button> 66 <a class="navbar-brand visible-xs" href="index.html"><img src="img/myfrs-logo.gif" class="img-responsive" alt="myfrs" /></a><span class="white text-center logo-text-mobile visible-xs"><a href="index.html" class="privacy">Florida Retirement System</a></span> 67 <a href="index.html"><img src="img/My FRS_WhiteSunburst_Half.png" width="175" height="98" class="hidden-xs sunburst" alt="" /></a> 68 </div> 69 70 <!-- Collect the nav links, forms, and other content for toggling --> 71 <div class="collapse navbar-collapse" id="bs-example-navbar-collapse-1"> 72 <ul class="nav navbar-nav navbar-right"> 73 <li><a href="help-me-choose.html">Help Me Choose</a></li> 74 <li><a href="choice-service.html">Choice Service</a></li> 75 <li><a href="investment-plan.html">Investment Plan</a></li> 76 <li><a href="pension-plan.html">Pension Plan</a></li> 77 <li><a href="https://www.myfrs.com/imageserver/OnlineELE1.htm" target="_blank">ENROLL NOW</a></li> 78 </ul> 79 </div> 80 <!-- /.navbar-collapse --> 81 </div> 82 <!-- /.container --> 83 </nav> 84 85 <!-- sunburst on mobile --> 86 <section class="mobile-bkg visible-xs"> 87 <div class="container"> 88 <div class="row"> 89 <a href="index.html"><img src="img/My FRS_WhiteSunburst_Half.png" width="125" height="70" alt="" /></a> 90 </div> 91 </div> 92 </section> 93 94 95 <!-- colored bar --> 96 <section class="top-banner hidden-xs"> 97 <div class="container"> 98 <div class="row"> 99 100 </div> 101 </div> 102 103 </section> 104 105 <!-- Page Content --> 106 <div class="container"> 107 <div class="row add-top"> 108 <div class="col-md-6"> 109 <!-- enroll button for mobile --> 110 <div class="visible-xs text-center-xs"> 111 <p> 112 <a href="https://www.myfrs.com/imageserver/OnlineELE1.htm" target="_blank"><img src="img/green-btn.gif" width="87" height="94" alt="" /></a> <a href="https://www.myfrs.com/imageserver/OnlineELE1.htm" target="_blank" class="grn add-left">ENROLL NOW</a></p> 113 </div> 114 115 <h1 class="purple text-center-xs visible-xs">About the Pension Plan</h1> 116 117 <div class="row"> 118 <div class="col-sm-4 text-center-xs"> 119 <a href="videoplayer/player.html?v=5067320501001" target="_blank"> <img src="img/andre.jpg" class="img-responsive center" alt="" /></a> 120 </div> 121 122 123 124 <div class="col-sm-8"> 125 <h3 class="text-center-xs"><a href="videoplayer/player.html?v=5067320501001" class="purple" target="_blank">Andre</a></h3> 126 <p class="plm-text"> <a href="videoplayer/player.html?v=5067320501001" target="_blank"> I am not comfortable dealing with investments and all that stuff, and I know that Iâm here to stay. The Pension Plan is the best choice for me and my career. <i class="fa fa-caret-right" aria-hidden="true"></i></a></p> 127 </div> 128 </div> 129 130 <div class="row add-top"> 131 <div class="col-sm-4 text-center-xs"> 132 <a href="videoplayer/player.html?v=5067293490001" target="_blank"> <img src="img/tonya.jpg" class="img-responsive center" alt="" /></a> 133 </div> 134 <div class="col-sm-8"> 135 <h3 class="text-center-xs"> <a href="videoplayer/player.html?v=5067293490001" class="purple" target="_blank"> Tonya</a></h3> 136 137 <p class="plm-text"> <a href="videoplayer/player.html?v=5067293490001" target="_blank"> Iâd actually prefer to have more control over my retirement investments, but overall, the Pension Plan makes the most sense for me. <i class="fa fa-caret-right" aria-hidden="true"></i></a></p> 138 139 </div> 140 </div> 141 142 <div class="row add-top add-bottom"> 143 <div class="col-sm-4 text-center-xs"> 144 <a href="videoplayer/player.html?v=5067291274001" target="_blank"> <img src="img/chris.jpg" class="img-responsive center" alt="" /> </a> 145 </div> 146 <div class="col-sm-8"> 147 <h3 class="text-center-xs"><a href="videoplayer/player.html?v=5067291274001" class="purple" target="_blank"> Chris</a></h3> 148 <p class="plm-text"> <a href="videoplayer/player.html?v=5067291274001" target="_blank"> I chose the Pension Plan because it literally holds my benefit until itâs time for me to retire. <i class="fa fa-caret-right" aria-hidden="true"></i></a></p> 149 </div> 150 </div> 151 152 </div> 153 <div class="col-md-6"> 154 <h1 class="purple text-center-xs">About the Pension Plan</h1> 155 <p>The Pension Plan is a traditional âdefined benefitâ plan. It is designed for employees who want a guaranteed monthly retirement benef
155it and who are not comfortable with choosing investments and managing their own portfolio.</p> 156 157 <p>In this type of plan, you receive a guaranteed benefit that is based on a formula. This formula uses your salary, length of service, and other factors. While both you and your employer will contribute money to help fund the Pension Plan, 158 you will not own an account or manage any investments. When you are eligible to begin receiving your benefit at retirement, it will be paid to you in monthly installments for the rest of your life. Options to continue payments to a qualified 159 beneficiary after your death may also be available. You can designate any person, organization, trust, or your estate as your beneficiary. </p> 160 161 162 <!-- accordion --> 163 164 165 <div id="accordion" role="tablist" aria-multiselectable="true"> 166 <div class="panel panel-default"> 167 <div class="panel-heading bkg-purple" role="tab" id="headingOne"> 168 <h4 class="panel-title"> 169 <a data-toggle="collapse" data-parent="#accordion" href="#collapseOne" aria-expanded="true" aria-controls="collapseOne"> 170 Contributions <i class="fa fa-caret-down" aria-hidden="true"></i> 171 </a> 172 </h4> 173 </div> 174 <div id="collapseOne" class="panel-collapse collapse" role="tabpanel" aria-labelledby="headingOne"> 175 <p class="accordion-content">Based on Florida law, you contribute 3% of your gross salary, beginning with your first paycheck, to your Pension Plan account. You cannot change the amount you contribute. Your employer also contributes a fixed percentage of your 176 gross salary to your account. The percentage is based on your membership class as required by law.</p> 177 178 </div> 179 </div> 180 <div class="panel panel-default"> 181 <div class="panel-heading bkg-purple" role="tab" id="headingTwo"> 182 <h4 class="panel-title"> 183 <a class="collapsed" data-toggle="collapse" data-parent="#accordion" href="#collapseTwo" aria-expanded="false" aria-controls="collapseTwo"> 184 Your Benefit <i class="fa fa-caret-down" aria-hidden="true"></i> 185 </a> 186 </h4> 187 </div> 188 <div id="collapseTwo" class="panel-collapse collapse" role="tabpanel" aria-labelledby="headingTwo"> 189 <p class="accordion-content">Your Pension Plan benefit is guaranteed. It is determined by a formula using your FRS membership class, years of FRS service, and an average of your eight highest years of salary.<sup>1</sup></p> 190 <p><small><sup>1</sup>If you were hired prior to July 1, 2011, the formula uses an average of your five highest years of service. </small></p> 191 192 </div> 193 </div> 194 <div class="panel panel-default"> 195 <div class="panel-heading bkg-purple" role="tab" id="headingThree"> 196 <h4 class="panel-title"> 197 <a class="collapsed" data-toggle="collapse" data-parent="#accordion" href="#collapseThree" aria-expanded="false" aria-controls="collapseThree"> 198 Vesting (Qualifying for Your Benefit) <i class="fa fa-caret-down" aria-hidden="true"></i> 199 </a> 200 </h4> 201 </div> 202 <div id="collapseThree" class="panel-collapse collapse" role="tabpanel" aria-labelledby="headingThree"> 203 <p class="accordion-content">Once you complete eight years of service, you qualify for a benefit that is payable when you reach retirement age as defined by the plan. If you leave FRS employment sooner, you own only your employee contributions.<sup>1</sup></p> 204 <p><small><sup>1</sup>If you were initially enrolled in the FRS prior to July 1, 2011, you qual
204ify for a benefit (are fully vested) once you complete six years of service.</small></p> 205 </div> 206 </div> 207 <div class="panel panel-default"> 208 <div class="panel-heading bkg-purple" role="tab" id="headingFour"> 209 <h4 class="panel-title"> 210 <a class="collapsed" data-toggle="collapse" data-parent="#accordion" href="#collapseFour" aria-expanded="false" aria-controls="collapseFour"> 211 Benefit Payment Options <i class="fa fa-caret-down" aria-hidden="true"></i> 212 </a> 213 </h4> 214 </div> 215 <div id="collapseFour" class="panel-collapse collapse" role="tabpanel" aria-labelledby="headingFour"> 216 <p class="accordion-content">At retirement, you will receive monthly payments for your lifetime. You will have payment options that provide continuing payments to your qualified beneficiary after your death.</p> 217 218 </div> 219 </div> 220 221 </div> 222 223 <!-- end accordion --> 224 225 <!-- compare the plans button --> 226 <div class="add-top text-center-xs"> 227 <p><a href="https://www.myfrs.com/pdf/forms/plancomparison.pdf" target="_blank" class="blck">Side-by-Side Plan Comparison Chart <i class="fa fa-caret-right" aria-hidden="true"></i></a></p> 228 </div> 229 230 <!-- resources button --> 231 <div class="add-top text-center-xs"> 232 <p><a href="resources.html" class="blck">Learn More <i class="fa fa-caret-right" aria-hidden="true"></i></a></p> 233 </div> 234 235 <!-- enroll button for desktop --> 236 <div class="add-top hidden-xs"> 237 <p> 238 <a href="https://www.myfrs.com/imageserver/OnlineELE1.htm" target="_blank"><img src="img/green-btn.gif" width="87" height="94" alt="" border="0" /></a> <a href="https://www.myfrs.com/imageserver/OnlineELE1.htm" target="_blank" class="grn add-left">ENROLL NOW</a></p> 239 </div> 240 241 242 </div> 243 </div> 244 </div> 245 246 <!-- /.container --> 247 248 <!-- Footer --> 249 <footer id="footer"> 250 <div class="footer-top"> 251 <div class="container text-center"> 252 <div class="row"> 253 254 <div class="col-md-8 col-md-offset-2"> 255 256 <p><span class="bld">Your plan choice deadline is 4:00 p.m. ET on the last business day of the eighth month following your month of hire.</span> If you do not submit a plan choice by your deadline, the Investment Plan will be considered your 1<sup>st</sup> Election by default. Exception: If you are in the Special Risk Class, the Pension Plan will be considered your 1<sup>st</sup> Election by default.</p> 257 258 </div> 259 260 </div> 261 <div class="row"> 262 263 <div class="col-md-8 col-md-offset-2 add-border-top"> 264 <p class="add-top"><span class="orange">The result of the interactive video is based on the answers you provide and is general in nature.</span> Choosing a retirement plan is your responsibility.</p> 265 <p>You are encouraged to run your own <span class="bld">personalized examples</span> by using the online <a href="choice-service.html"><u>Choice Service</u></a> on MyFRS.com or by calling the MyFRS Financial Guidance Line toll-free at 1-866-446-9377, Option 2 (TRS 711) and having an EY financial planner run the numbers for you.</p> 266 </div> 267 268 </div> 269 270 </div> 271 </div> 272 <div class="footer-bottom"> 273 <div class="container"> 274 <div class="row"> 275 <div class="col-sm-6"><a href="https://www.myfrs.com/Privacy.htm" class="privacy" target="_blank">Privacy & Security <i class="fa fa-caret-right" aria-hidden="true"></i></a> | <a href="terms.html" target="_blank" class="privacy">Terms of Use <i class="fa fa-caret-right" aria-hidden="true"></i></a> 276 </div> 277 <div class="col-sm-6">©
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277 MyFRS Financial Guidance Program. All rights reserved. </div> 278 </div> 279 </div> 280 </div> 281 282 <!-- small optimized message at the bottom --> 283 <div class="optimized"> 284 <div class="container"> 285 <div class="row"> 286 <div class="col-lg-12">Optimized Browsers: This site and the interactive video perform best on Microsoft Edge. Other modern browsers, including Chrome, Firefox, Safari, and older versions of Internet Explorer, are supported but performance on these 287 browsers may vary slightly. 288 289 </div> 290 291 </div> 292 </div> 293 </div> 294 295 </div> 296 </footer> 297 298 <!-- jQuery --> 299
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