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Retirement & DROP

ANNUAL RETIREMENT/DROP WORKSHOP - MARCH 9, 2018 

The district will be providing a Retirement/DROP workshop for eligible employees on Friday, March 9th from 12:00 PM (noon) to 4:00 PM at Mainland High School in the Performing Arts Center.

​WHEN:​March 9, 2018
Noon to 4:00 PM
​WHO:​Contracted Employees Only
Those employees who are planning to retire within the next five years or who plan to enter DROP within the next year.
​REGISTRATION:​Please click on the following Workshop Registration and complete the information and send it by March 2, 2018.
WHERE:

​Mainland High School - Performing Arts Center
1255 W International Speedway Blvd, Daytona Beach, FL 32114
Please click on the following Mainland High School Campus Map.pdf 

TOPICS
INCLUDE:
  • Florida Retirement System Plans
  • Social Security
  • Life Insurance
  • Medicare Supplemental Information
  • Health/Dental Insurance
  • Sick/Annual Leave, Taxes, etc.

Please see the following for the 2018 Retirement and DROP Workshop Agenda.pdf


 The following are presentations that will be provided at the March 9, 2018 Retirement Workshop:

​PresentersPresentation

​Sandy Higginbotham
Director of Insurance & Employee Benefits


Health Insurance and Medicare 101.pdf
​Joe Avallone, BENCOR

Sick-Annual Leave, DROP Accounts, Taxes and Planning

​Richard Clifford
Division of Retirement


Understanding the FRS Pension Plan

Items included in this section are: 

​1)  Retiring from Volusia County Schools - Frequently Asked Questions and Paperwork Session Dates​​

2)  The Florida Retirement System (FRS) - includes FRS Beneficiary forms and links to available videos

1.)   Retiring from Volusia County Schools - FAQs Paperwork Sessions

​​ There are many frequently asked questions (FAQs) related to retirement that you may also have such as:

  • How do I prepare?​
  • Do I have choices?
  • When are the sessions I can attend to complete paperwork for retirement?
  • I'm in DROP but if I want to leave early, what do I need to do?
We have prepared the following to assist you: Frequently Asked Questions and Session Dates.pdf
​​
For specific questions regarding Retirement and DROP, you may contact the Florida Retirement System (FRS) at (844)377-1888 or visit the FRS website (link below) which contains up-to-date news and information.  FRS employees can answer all of your personal questions, provide information on creditable years of service and eligibility with precise accuracy.  To access general information about the FRS programs, you may use the​​ following link: FRS Programs.  You can also visit the Division of Retirement website to create a user ID and password for access to your personal retirement information.
 
Other publications you may find helpful at FRS Publications include: ​​

Volusia County Schools Contact information:  Deia' Davis, Retirement Specialist, (386)734-7190​ ext. 20311, ddavis2@volusia.k12.fl.us  [NOTE:  The Volusia County School Board does not offer any type of financial planning services. Financial planning & counseling services are available through the Florida Retirement System.  You may visit the Division of Retirement for more information or contact a certified financial planner.]  

2​.)  Florida Retirement System (FRS)FRS logo.png

The Florida Retirement System (FRS) website contains information about the Florida Retirement System (FRS) - the fourth largest public system in the nation - including:

​​​Financial Planners Not Endorsed by FRS

FRS Videos and Webcasts: created to allow you to view short presentations explaining various FRS Pension Plan topics. You can also view a printed copy of each clip by clicking on the PDF link after each title.

Forms:  provides an alphabetical and categorical list of FRS forms and packets, including those needed for service and disability retirement, as well as the forms needed to enter DROP.

Legislation, Laws and Rules: summary of retirement bills introduced for consideration and/or enacted by the Florida Legislature, along with Florida retirement rules and laws.

Employee Page:  provides FRS members access to their personal retirement account information, along with in-depth information about the Deferred Option Retirement Program (DROP).

Retiree Page:  provides information and links to items of particular interest to retirees and other beneficiaries of the FRS Retirement Plan.

Beneficiary Information - When is the last time you checked/updated your beneficiary information at FRS?  The forms are different depending upon the retirement plan you have  - pension plan, DROP participant, investment plan or if you are already receiving a pension benefit.  Even if you are single and have no dependents, you should still have a beneficiary so at the very least your 3% contribution you are making towards your retirement goes to someone.  Attached are the forms that may be completed and sent/faxed to FRS or you can complete the forms on-line at www.myfrs.com .

FRS Financial Planning Online Workshops

Want to get smarter about your financial health, but don’t have a lot of time to spare? Good news! The FRS offers free financial planning workshop webcasts for FRS-covered employees that you can attend right from your desk. Below is the schedule for 2018. You may attend as many workshops as you wish. 

To register for a workshop call 1-866-446-9377, Option 2 (TRS 711), or go to the workshop registration page and after login, select “Attend a Workshop”, then “A WEBINAR” under the County drop down box (be sure to select “A WEBINAR” and not the county you live or work in).  Under the “Workshop” drop-down box, choose the workshop you wish to attend, then click “Next to select a date.

If you sign up to attend an online workshop you will receive details for logging in and participating a few days prior to the workshop.  Employees in the Tallahassee area can attend the workshops in person at the State Board of Administration, 1801 Hermitage Boulevard, Tallahassee, FL 32308.

 2018 FRS Online Class Schedule.jpg


To view FRS Quick Clips that provide information on how to log in to FRS Online, Retirement without DROP, DROP Retirement, Benefit Payment Options please use the following link:  Retirement Information for Members

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