Build your retirement roadmap with competitive pension plans, investment accounts and a host of voluntary add-ons. Think big-picture and take advantage of all the University of Florida has to offer.
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 and the State University System Optional Retirement Program.
Some Clinical Faculty at the Health Science Center are designated by their college or department to participate in the AEF retirement plan in addition to the State University System Optional Retirement Program.
Faculty, TEAMS, USPS, and OPS employees (including Housestaff/Residents, Graduate Assistants, Post Docs, and Adjunct Faculty) may participate in voluntary savings plans via payroll deductions. The University offers both 403(b) and Deferred Compensation (457) plans.
The IRS sets limits on the amount of money that can be contributed to your retirement plan(s).
Employees in certain temporary positions participate in this program in lieu of earning credit for Social Security.
Faculty, TEAMS, and USPS employees who receive vacation and/or sick leave cashouts $5,000 or more participate in this plan.
Vested Pension Plan members who reach their normal retirement date may participate in DROP. DROP allows you to effectively retire under the FRS Pension Plan.
Steps to follow as you prepare to retire, including detailed checklists to assist in your transition from an active employee to a retiree