County employees are members of the Florida Retirement System. FRS offers two retirement programs: (1) a traditional pension plan and (2) an investment plan. If you start work in the FRS system after July 1, 2011, you are vested upon completion of eight years of employment. In the investment plan you are vested upon completion of one year of employment. Employees participating in the FRS plans must contribute 3 percent of their compensation
For more detailed information about FRS, visit MyFRS.com.
Employees have a one-time option to change from one FRS plan to the other. Details are available from MyFRS.com.
Escambia County offers the opportunity for employees to participate in a deferred compensation plan.
This IRS-approved plan provides employees a means to save a portion of their income on a pre-tax basis. Employees can defer up to the IRS limit. For employees 50 years or older, there are catch-up provisions available that will permit higher contribution rates.
The county also offers a Roth 457 Plan for employees who want to supplement their retirement plan using post-tax contributions.
The deferred compensation providers are:
Types of Retirement
- FRS Investment Plan
- FRS Pension Plan