Secure your retirement. Book your free FRS DROP review.
We work only with FRS employees and help make sure nothing gets missed.
Areas We Serve
We help FRS employees across Central Florida. Choose your county to see local employers and what to know about DROP.
Why Do I Need A Review?
Many FRS decisions are final once processed. Your benefit option locks in when your first payment is cashed or credited to DROP, working for an FRS employer within six months of leaving can void your retirement, and missing the 60-day DROP payout deadline means a lump sum with 20% withheld. We help you avoid those mistakes by checking every form and date with you before anything is filed.
Your DROP options (at a glance)
During DROP, your monthly retirement benefits stay in the FRS Trust Fund and earn fixed interest. When DROP ends, FRS must receive your payout form (DP-PAYT) within 60 days. If it doesn’t, FRS is required to pay a lump sum with 20% federal tax withheld.
Lump sum
Paid directly to you. FRS typically withholds 20% for taxes, and the distribution can affect your tax bracket.
Rollover
Move funds into a tax-deferred account such as an IRA to help avoid an immediate taxable event. Where the money goes and who helps you matter. We’ll help you know what to ask, and can connect you with a licensed professional.
Partial lump sum
Take some cash now and roll over the rest. We’ll explain how it works so you can discuss the right mix with a licensed professional.
FRS DROP enrollment form (PDF)
Opens the official FRS DROP enrollment packet.
Get the free FRS DROP Playbook
Plain-English steps, key forms and deadlines, in one short guide.
Be Ready. Watch This Video.
About Florida Pension Planners
We work only with FRS employees: teachers and school staff, police and firefighters, and city, county and state employees. We guide you step by step, help make sure forms and deadlines are right, and connect you with a licensed professional when you need one.
Make sure your FRS forms and deadlines are right.
Book a free review. We’ll go through your dates and forms with you so you know exactly what to file and when.
Florida Pension Planners is an educational consulting firm dedicated to assisting members of the Florida
Retirement System in understanding their transition options. Your personal consultation may be
conducted by state-licensed individuals, financial advisors, fiduciaries, insurance agents, or non-
financially licensed individuals from our network, who are not direct employees of Florida Pension
Planners, based on availability and your request. We are not an insurance agency, investment advisor, or
broker-dealer, nor do we employ such professionals. Our services include educational consulting for which
we may charge a flat fee, and we may refer clients, at their direction and request without additional cost,
to a network of qualified professionals for specialized advice. Please note, Florida Pension Planners is not
affiliated with or endorsed by the Florida Retirement System or the Florida Division of Retirement. Our
services are strictly educational and do not include specific tax, legal, or investment advice. The content
on this website, including videos and links, is for educational purposes only and should not be construed
as investment advice or an offer to buy or sell any financial products.
