A Florida FRS member with 30 years of service and a $70k final average salary retires on about $2,800 a month at age 65 under the “Regular Class, enrolled July 1, 2011 or later” rules. That is 48.0% of salary. FRS members pay into Social Security, which is one reason the multiplier is lower than in states where teachers do not. Amounts are shown at the first normal retirement age for each length of service under the tier selected.
Regular Class, enrolled before July 1, 2011
| Service | Age | % of salary | $50k | $60k | $70k | $80k | $90k | $100k |
|---|---|---|---|---|---|---|---|---|
| 10 yrs | 62 | 16.0% | $667 | $800 | $933 | $1,067 | $1,200 | $1,333 |
| 15 yrs | 62 | 24.0% | $1,000 | $1,200 | $1,400 | $1,600 | $1,800 | $2,000 |
| 20 yrs | 62 | 32.0% | $1,333 | $1,600 | $1,867 | $2,133 | $2,400 | $2,667 |
| 25 yrs | 62 | 40.0% | $1,667 | $2,000 | $2,333 | $2,667 | $3,000 | $3,333 |
| 30 yrs | 50 | 48.0% | $2,000 | $2,400 | $2,800 | $3,200 | $3,600 | $4,000 |
| 35 yrs | 50 | 58.8% | $2,450 | $2,940 | $3,430 | $3,920 | $4,410 | $4,900 |
Regular Class, enrolled July 1, 2011 or later
| Service | Age | % of salary | $50k | $60k | $70k | $80k | $90k | $100k |
|---|---|---|---|---|---|---|---|---|
| 10 yrs | 65 | 16.0% | $667 | $800 | $933 | $1,067 | $1,200 | $1,333 |
| 15 yrs | 65 | 24.0% | $1,000 | $1,200 | $1,400 | $1,600 | $1,800 | $2,000 |
| 20 yrs | 65 | 32.0% | $1,333 | $1,600 | $1,867 | $2,133 | $2,400 | $2,667 |
| 25 yrs | 65 | 40.0% | $1,667 | $2,000 | $2,333 | $2,667 | $3,000 | $3,333 |
| 30 yrs | 65 | 48.0% | $2,000 | $2,400 | $2,800 | $3,200 | $3,600 | $4,000 |
| 35 yrs | 50 | 57.8% | $2,408 | $2,890 | $3,372 | $3,853 | $4,335 | $4,817 |
Special Risk, enrolled before July 1, 2011
| Service | Age | % of salary | $50k | $60k | $70k | $80k | $90k | $100k |
|---|---|---|---|---|---|---|---|---|
| 10 yrs | 55 | 30.0% | $1,250 | $1,500 | $1,750 | $2,000 | $2,250 | $2,500 |
| 15 yrs | 55 | 45.0% | $1,875 | $2,250 | $2,625 | $3,000 | $3,375 | $3,750 |
| 20 yrs | 55 | 60.0% | $2,500 | $3,000 | $3,500 | $4,000 | $4,500 | $5,000 |
| 25 yrs | 50 | 75.0% | $3,125 | $3,750 | $4,375 | $5,000 | $5,625 | $6,250 |
| 30 yrs | 50 | 90.0% | $3,750 | $4,500 | $5,250 | $6,000 | $6,750 | $7,500 |
| 35 yrs | 50 | 100.0% | $4,167 | $5,000 | $5,833 | $6,667 | $7,500 | $8,333 |
Special Risk, enrolled July 1, 2011 or later
| Service | Age | % of salary | $50k | $60k | $70k | $80k | $90k | $100k |
|---|---|---|---|---|---|---|---|---|
| 10 yrs | 55 | 30.0% | $1,250 | $1,500 | $1,750 | $2,000 | $2,250 | $2,500 |
| 15 yrs | 55 | 45.0% | $1,875 | $2,250 | $2,625 | $3,000 | $3,375 | $3,750 |
| 20 yrs | 55 | 60.0% | $2,500 | $3,000 | $3,500 | $4,000 | $4,500 | $5,000 |
| 25 yrs | 50 | 75.0% | $3,125 | $3,750 | $4,375 | $5,000 | $5,625 | $6,250 |
| 30 yrs | 50 | 90.0% | $3,750 | $4,500 | $5,250 | $6,000 | $6,750 | $7,500 |
| 35 yrs | 50 | 100.0% | $4,167 | $5,000 | $5,833 | $6,667 | $7,500 | $8,333 |
Monthly amounts before tax, using the single-life payout. Salary columns are final average salary, not your last paycheck. Age is the first age with no early-retirement reduction for that service.
Retiring earlier or later
Retiring before the age shown means a smaller check for life, and waiting longer usually adds both service and, in some plans, a higher factor. The Florida FRS retirement chart shows the percentage at every age from 55 to 67, and the Florida FRS calculator runs your exact numbers.
What else adds to the check
Florida FRS members also pay into Social Security, so most retirees collect a Social Security benefit on top of these amounts. See the pension and Social Security calculator for the combined total, and the COLA guide for how the check grows after you retire.