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At D Jones Professional Services, we understand the unique needs of FRS retirees and the benefits provided by the Florida Retirement System. Our staff is here to aid navigating your options and transitioning them into retirement.
1. Understand the FRS landscape
- We’re here to assist you gaining a deep understanding of the FRS Pension Plan and Investment Plan: This includes the benefits, rules, and features of each plan, including factors like vesting requirements, early retirement provisions, survivor benefits, and the Deferred Retirement Option Program (DROP).
Review HIS eligibility and how it supplements retirees' health insurance per MyFRS.
- Understand the different classes of FRS membership: Recognize that the benefits and eligibility requirements can vary depending on whether the retiree was a Regular Class, Special Risk Class, or other type of FRS member.
2. Emphasize comprehensive retirement planning beyond FRS benefits
- Address concerns about long-term financial security: Many retirees worry about whether their FRS benefits will be sufficient to cover their expenses throughout retirement.
- Highlight the importance of estate planning: Encourage retirees to create or update their wills, establish trusts, and consider other estate planning strategies to protect their assets and ensure their wishes are carried out.
- Discuss investment strategies: Provide guidance on managing FRS Investment Plan accounts and other assets to maximize returns while managing risk in retirement.
- Address health and long-term care needs: Discuss options for managing healthcare expenses, including Medicare, supplemental insurance, and long-term care planning, in addition to the HIS.
Additional resources at www.myfrs.com