Whether you are a new hire or have been at the university for years, FIU offers great options for retirement. From the required selection of a state plan to additional voluntary retirement plans, our employees have many opportunities to save and prepare for their future. When you are ready to retire, our Benefits team provides you with the assistance you need to transition into your new life!
If you are considering retirement, take the time to review the Employee Retirement Guides our Benefits Administration team has prepared to help you navigate through the overall process. These guides are intended to provide you with the relevant information pertaining to retirement from FIU and facilitate your understanding of the retirement process as well as the benefits offered to retirees.
Review the guide of your specific retirement plan, as reflected on your paystub:
- FIU Employee Guide for Retiring under Plan SUSORP
- FIU Employee Guide for Retiring under FRS Investment Plan
- FIU Employee Guide for Retiring under FRS Pension Plan
- FIU Employee Guide for Retiring under FRS Pension Plan – DROP
Determine if the Deferred Retirement Option Program (DROP) is right for you. Generally, vested Pension Plan members may begin DROP participation in the month they reach their normal retirement date based upon age or the month following the month they reach their normal retirement date based upon their years of service. Contact the MyFRS Financial Guidance Line at 1-866-446-9377 to review your retirement account and estimate your income at retirement. Review the FRS Member Handbook, the DROP guide, and the Ready. Set. Retire. publications.
Note: Separation from Employment/Transfer Clearance Form is required for all employees separating employment, and it needs to be completed by the department.