What Is AP Florida
AP Florida refers to the Florida Retirement System (FRS), the public pension program for state and local government employees. It is administered by the Florida Division of Retirement and provides retirement, disability, and death benefits. The system is funded through employee contributions, employer contributions, and investment earnings.
Who Qualifies for AP Florida Benefits
Employees hired by state agencies, public school districts, and participating local governments generally qualify. Membership depends on your hire date and job classification. Most employees are enrolled in either the Pension Plan or the Investment Plan, each with different benefit structures and contribution rules.
How AP Florida Benefits Are Funded and Managed
The Florida Retirement System Trust Fund is managed by professional investment managers. Actuarial reports estimate long-term liabilities and funding needs. The system is subject to state law, and benefit changes require legislative action. For detailed financial reports, visit the official Florida Division of Retirement website at https://www.floridaretirement.com.
