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Retirement Resources

Retirement Plan Enrollment Frequently Asked Questions (FAQ)

For your convenience, we have created an FAQ regarding retirement plan enrollment.

Re-employment After Retirement

After an employee retires under the normal or early retirement provisions of the Florida Retirement System (FRS) Pension Plan, the member may work for a private employer, a Florida public employer not covered by the FRS or a public employer in another state or covered by another state's retirement system without affecting the member’s retirement benefit.

The limitations on reemployment with participating FRS employers are as follows:

  • If a member returns to work during the first six calendar months of retirement ithey will not be considered to have retired. The member’s retirement application will be void and all retirement benefits, including any funds accumulated during the Deferred Retirement Option Program (DROP) participation, must be repaid.
  • A member may not receive both a salary and retirement benefits for 12 months after the effective retirement date. If the member works during the 7th through 12th months after the effective retirement date, the individual must inform the Division of Retirement. Retirement benefits will be suspended for the months employed during the 12-month period. Any retirement benefits received while working during the first 12 months after retiring must be repaid.
  • If the employee is a DROP participant, the member is subject to the reemployment limitations as soon as DROP participation ends.
  • There are no limits on working for an FRS employer after the member has been retired for 12 calendar months.
  • If an employee retires under the FRS disability provisions, the member cannot be gainfully employed with any employer and continue to receive disability benefits. 

Retiree Insurance

For information about retiree insurance, please contact one of the following:

  • Office of Human Resources at UNF: (904) 620-2903
  • Division of Retirement - Retired Payroll: (888) 377-7687
  • PeopleFirst: (866) 663-4735, option #4

Leave Payouts

Annual Leave:

Employees are cashed out all accumulated annual leave up to their maximum. (Support staff = 240 hours) (Faculty and Administrative = 352 hours). Note: DROP participants are only eligible for the difference between their maximum and the hours they were cashed out at the time they entered DROP.

 

Sick Leave:

Employees who have 10 years of verified UNF service are eligible to be cashed out up to one-fourth of their accumulated sick leave hours not to exceed 480 hours.

Note: Employees may rollover their annual or sick leave into an existing 403(b) Tax Sheltered Annuity offered by UNF or 457(b) State Deferred Compensation Account to avoid certain taxes. However, the rollover amount will be subject to Social Security and Medicare taxes, as well as Federal Taxes on the Social Security and Medicare deduction. Please note, employees should check with their company representative to ensure they don’t exceed federal limits.

Retiree UNF Perks

Employees retired from the University shall be eligible, upon request, and on the same basis as other employees, to receive the following benefits at the University.

  • Retired employee identification card
  • Use of the University library
  • Placement on designated University mailing lists
  • University parking privileges
  • Use of University recreational facilities (different fees may be charged to retirees than are charged to other employees for the use of such facilities)
  • The right to enroll in courses without payment of fees, on a space available basis
  • University e-mail forwarding services. Contact the ITS Help Desk at (904) 620-4357 for more information

In-unit faculty members and police officers should refer to their respective bargaining agreements for University perks offered to them.

Second Election

The 2nd Election option gives all FRS members a one-time opportunity to switch retirement plans during their active FRS career. However, it is a complex subject with financial implications for the member who uses it. Members are advised to contact the myFRS financial guidance line at (866) 446-9377 or go online to the myFRS web page for assistance.

Disability Retirement

The FRS provides a disability provision for members of the FRS Pension Plan and FRS Investment Plan who become totally and permanently disabled and are unable to work. Refer to the disability retirement page for more information.


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