If eligible, The Florida Retirement System (FRS) provides a health insurance subsidy to help offset the cost of your medical insurance premiums. Proof of insurance will be requested by FRS when you apply for the subsidy. Once satisfied, the Division of Retirement will pay $5.00 for each FRS year of service each month, not to exceed $150. The subsidy amount will be added to your FRS check each month.
An additional Orange County Health Insurance Subsidy is available to eligible retirees to help offset the cost of medical insurance premiums. The subsidy is available for the retiree only coverage and does not include dependent coverage. If eligible, you will receive $3.00 per month for each whole year of service, including service time in DROP, up to $90.00 per month. Save time and Hassle with Direct Deposit. Click here for your Direct Deposit Authorization form.
Orange County will automatically notify Vanguard, our current 457(b) record keeper, of your retirement date within 2 weeks of the retirement being processed in our system. Once Vanguard’s system is updated, you will be able to work with them regarding withdrawing your funds. Please allow 2-3 weeks following your last day of work for this process to occur and contact Vanguard to discuss your withdrawal options.
- FRS: 1-844-377-1888
- Chard Snyder: 1-888-993-4646
- Social Security: 1-800-772-1213