RETIREMENT – STAFF
The University of South Florida provides employees the opportunity to participate in several different retirement and savings programs. All Staff employees are required to participate in one of two retirement plans sponsored by the State of Florida. Voluntary retirement savings programs include tax sheltered annuities and deferred compensation plans.
State Retirement Plans
Staff employees participate in one of two Florida Retirement System (FRS) retirement plans: the FRS Pension Plan (FRSP) or the FRS Investment Plan (FRSI). New employees will be automatically enrolled into the FRS Pension Plan unless they designate a different plan within their required enrollment period.
You only have a short time to decide. For additional information click here.
403(b) Tax Sheltered Annuities and 457 Deferred Compensation plans offer employees the opportunity to save money for retirement while reducing their current income tax liability.