Florida · FRS · Leaving teaching

Leaving a Florida FRS job: refund or wait?

If you leave a job covered by the Florida Retirement System (FRS) Pension Plan, administered by the Florida Division of Retirement before retiring, what you can do depends on whether you're vested.

Not vested

Refund or wait

If you leave before vesting you cannot retire, but your service is not lost: it combines with any later covered service. You may take a refund of your contributions or leave them on deposit.

Handbook (2026), p. 27, Before You Are Vested

Vested

A benefit for life

If you leave after vesting you may retire (normal or early), or defer retirement to a later date to reduce the early cut. You may leave your contributions on deposit or take a refund (giving up that service).

Handbook (2026), p. 27, After You Are Vested
Florida specificsYou're vested in the Pension Plan after 6 years if you enrolled before July 1, 2011, or 8 years after. Vested members can leave their money in for a benefit at normal retirement or take early retirement; a refund gives up the benefit. Coming back later? See buying service credit. The calculator estimates the benefit you'd keep.

The refund

To get a refund you must terminate all employment and stay off all FRS payrolls for three consecutive calendar months. Handbook (2026), p. 23, Refund of Contributions

Only your own employee contributions, without interest. Employer contributions are not refundable. Handbook (2026), p. 23, Refund of Contributions

You paid employee contributions if you were a member on or after July 1, 2011 or before 1975, or if you bought service credit. From 1975 through June 30, 2011 school-board employees paid none. Handbook (2026), p. 23, Contributions; Refund of Contributions

A refund cancels the service credit it represents, for both the pension and the health insurance subsidy. After one work year back in covered employment you can buy it back by repaying the refund plus interest. Handbook (2026), p. 23, p. 27, Before You Are Vested; Pension Plan SPD (July 1, 2026), p. 3

Apply through FRS Online or Form FRS-M81. Handbook (2026), p. 23, Refund of Contributions

Deferring your benefit

A vested member who leaves can defer retirement to reduce or avoid the early cut; the benefit is figured on the age when payments begin. Handbook (2026), p. 27, After You Are Vested

Moving between FRS employers

Service with any of the roughly 1,000 FRS employers combines in one account. Handbook (2026), p. 22, Portability

Buying refunded service back

Prior service (refunded service, or service with no contributions): repurchase after one year of reemployment, paying the required contributions plus interest. Handbook (2026), p. 33, item 1, Prior Service Buying service credit

The facts

Next: early retirement or taxes.

Questions

What happens to my FRS pension if I leave teaching?

If you're vested (6 years if enrolled before July 1, 2011, 8 if on or after), you can retire later or now (early, with a cut). If not, your service is kept for a return, or you can take a refund of your own contributions.

What does a refund give me?

Only your own employee contributions, without interest. Employer contributions are not refundable.

What do I give up with a refund?

A refund cancels the service credit it represents, for both the pension and the health insurance subsidy. After one work year back in covered employment you can buy it back by repaying the refund plus interest.

Source: FRS Pension Plan Member Handbook, 2026 Edition, pp. 22, 23, 26, 27, 33. Also: Pension Plan SPD (July 1, 2026), p. 3; F.S. 121.021. Last reviewed .