The FRS Pension Plan is a defined benefit plan, in which you are promised a benefit at retirement if you meet certain criteria.
The amount of your future benefit is determined by a formula based on your earnings, length of service, and membership class, and may be adjusted by a cost-of-living increase each July (adjustment only applicable for FRS Service earned prior to July 1, 2011).
If you are initially enrolled in the Pension Plan on or after July 1, 2011, you will not have a cost-of-living increase after retirement.*
(*This information was taken from the FRS Pension Plan page on the MyFRS website.)
There are workshops, seminars, and webinars available through the FRS system and through the Palm Beach County School District. For more information regarding FRS workshops and to locate a workshop near you, please visit the MyFRS Workshop website.
Information regarding District workshops for all employees will be announced on the District's main Retirement website in the banner section at the top of the page.
There are also small group session workshops available for those employees who are nearing retirement or DROP. Registration for these sessions is through the HR Customer Care Center by calling 561.434.8777 (Option 1) or via email at AskHR@palmbeachschools.org.
MyFRS Financial Guidance Program
- On the Phone
- The MyFRS Financial Guidance Line is staffed by an award-winning financial planning team at EY and retirement counselors from the Division of Retirement, ready to take your call and offer you knowledgeable, personalized assistance.* (866-446-9377, Option 1 [TRS 711])
- Over the Web
- The MyFRS.com website offers valuable resources, financial data, education information, and easy access to state-of-the-art services such as the ADVISORY SERVICE, CHOICE SERVICE, and the 2nd CHOICE SERVICE (for considering your 2nd Election).*
- In Person
- The MyFRS Financial Guidance Program sponsors financial planning workshops filled with valuable retirement and general investment information.* (*This, and other information above, is taken from the Financial Planning & Counseling page on the MyFRS website.)