WELCOME

Benefits Summary

Welcome to Florida State University!

FSU is a unique and preeminent public research institution with the

cohesive community of a much smaller school. Ranked in the top 25 Contact Information
among national public universities by U.S. News & World Report, we
continue to uphold a tradition of excellence in academics, research,
student success, and diversity and inclusion. Through the combined Human Resources
efforts of our faculty and staff, FSU continues to break records and www.hr.fsu.edu
shatter ceilings. Our success begins with our people, and we are (850) 644-6034
committed to maximizing what it means to be an FSU employee.

FSU provides a wide array of comprehensive benefits that include Benefits Office
health, professional development, financial, fringe, and wellness www.hr.fsu.edu/Benefits
resources. This Benefits Summary provides you with an overview of [email protected]
FSU’s available benefits and outlines the scope of advantages of [email protected]
employment at FSU. (850) 644-4015.
Our Benefits office can answer questions that you may have about the
benefits available to you. Our website, www.hr.fsu.edu, also provides a
wide variety of information about plans, vendors, and benefits available
to the campus community.

Benefits Summary Content

Health Plans.................................................... 2 Paid Time Off .................................................. 6
Prescription Plan ............................................ 2 FMLA .............................................................. 6
Flexible Spending Accounts............................ 3 Additional Benefits ......................................... 7
Vision Insurance ............................................. 3 Employee Assistance Program ....................... 7
Dental Insurance ............................................ 4 Employer Retirement Plans ........................... 8
Life Insurance ................................................. 4 Voluntary Retirement Plans ........................... 8
State Supplemental Plans ............................... 5 OPS Retirement Plan ...................................... 8
Additional Supplemental Plans ...................... 5
Leave and Holidays ......................................... 6

1 June 2024
 HEALTH INSURANCE HEALTH INSURANCE OPTIONS
HEAL T H I N S U R A N CE
ELIGIBILITY PPO OPTION
Health insurance is available to Executive Service (AEX), The PPO health option provides the option to receive care
University Support Personnel System (USPS), Faculty (CTP), from any doctor or healthcare provider. The cost for care is
Administrative and Professional (A&P), and eligible OPS lower when in-network providers are used. Except for most
employees. OPS employees that work an average of 30 preventative care, services are not covered until the annual
hours or more per week (0.75 FTE) at the point of hire, deductible is met. There is a standard and a High Deductible
through a Qualifying Status Change (QSC), or over a defined Health Plan (HDHP) option available.
measurement period, are eligible for State of Florida
benefits. HMO OPTION
The HMO health option provides coverage for in-network
ENROLLMENT providers and facilities, and coverage for health emer-
New employees have 60 days from the date of hire to en- gencies. The entire cost of the non-network health care
roll into State of Florida insurance plans. Premiums are paid received is the member’s responsibility. HMO companies
one month in advance of coverage. Eligible employees can vary by region. There is a High Deductible Health Plan
enroll through People First, the administrator of state (HDHP) option and a standard health plan option available.
insurances. Changes can be made when experiencing a
Qualifying Status Change (QSC) event or as a part of the
annual Open Enrollment period. PRESCRIPTION DRUG PLAN
Offered by Optum Rx and provides benefits for all
EFFECTIVE DATE health insurance options. PPO members must use the 90-
Health and Prescription coverage can become effective the
day supply fill option for maintenance drugs. This can be
first of the month following the month of enrollment.
filled by mail order or at a participating pharmacy.
Employees can enroll beginning the day after their hire date.

HEALTH PLAN SUMMARY COMPARISON CHART

Standard High Deductible (Pair with Health Savings Account)
HMO PPO HMO and PPO PPO Only

Your Costs: Network Only Network Out of Network Network Out of Network

$750 I $1,500 $1,500 I $3,000 $2,500 I $5,000

Annual Deductible None $250 I $500 Single I Family Single I Family Single I Family Single I Family
$4,600 I $9,200 (PPO)
$9,450 I $18,900 $9,450 I $18,900
Global In-Network Annual Out- $3,000 I $6,000 (HMO)
per indiv I per family per indiv I per family N/A N/A
of-Pocket Maximum per indiv I per family
(pharmacy and medical) (pharmacy and medical)
(pharmacy and medical)

Preventive Care Amount between charge and out-of- Amount between charge and out-of-
No charge No charge; no deductible No charge; no deductible
Based on age and gender network allowance; no deductible network allowance; no deductible

Deductible then 40% of out-of-network

Primary Care $20 copayment $15 copayment 40% of out-of-network allowance plus
Deductible then 20% of network allowance plus amount between charge
the amount between the charge and
the out-of-network allowance
allowed amount and out-of-network allowance
Specialist $40 copayment $25 copayment
Urgent Care $25 copayment $25 copayment $25 copayment Deductible then 20% of out-of- Deductible then 20% of out-of-network
Emergency Room $100 copayment $100 copayment $100 copayment network allowance allowance
Deductible, $1,000 copay, then 40% o
40% after $500 copayment plus the
Deductible then 20% of network out-of-network allowance plus amount
Hospital Stay $250 copayment 20% after $250 copayment amount between charge and out-of-
allowed amount between charge and out-of-network
network allowance
allowance
$7 I $30 I $50
Prescriptions Network Retail (up to 30‐day supply) After paying deductible,
Pay in full; file claim for
Generic Drugs I Preferred Brand I 30% I 30% I 30% Pay in full; file claim for
reimbursement
Non-Preferred Brand $14 I $60 I $100 Network Retail and Mail Order reimbursement
Mail Order to Participating 90‐Day Retail (up to 90‐Day Supply)

Monthly Premiums Premiums are deducted a Month in Advance (e.g. December for January coverage)
USPS I A&P I Faculty $50.00 Single $180 Family $15.00 Single $64.30 Family
Executive Service $8.34 Single $30.00 Family $8.34 Single $30.00 Family
Spouse Program $30.00 ($15 each employee) $30.00 ($15 each employee)

2
SPOUSE PROGRAM HEALTH SAVINGS ACCOUNT (HSA)

FLEXIBLE
The Spouse Program provides family health insurance at a A Health Savings Account (HSA) is a tax-advantaged
reduced premium for two employees who are married to account employees should have if enrolled in a High
each other. One spouse serves as primary on the account. Deductible Health Plan (HDHP). Pre-tax contributions are
Each full-time spouse pays $15 per month for family available to pay for eligible healthcare expenses like
coverage. To enroll, you and your spouse must deductibles and coinsurance. Employees will receive the
complete and sign the Election Form and submit the state’s monthly deposit of $41.66 for single coverage and
completed form to the address on the form or submit $83.33 for family coverage. Unused funds roll over each
the form on-line through People First. year and are portable once state employment ends.

SHARED SAVINGS PROGRAM SHARED SAVINGS PROGRAM OPTIONS

The Shared Savings Program is a rewards program available HEALTHCARE BLUEBOOK
to employees and their dependents enrolled in a State of Healthcare Bluebook is an online transparency website to

SPENDING
Florida health plan. The purpose of the Shared Savings shop for healthcare services, facilities, and providers.
Program is to reduce healthcare costs for the State of Rewards can be earned for choosing services that are rated
Florida and to reward employees for making informed and green and provide a cost savings to the state.
cost-effective decisions about healthcare services.
SURGERY PLUS
Employees can earn rewards by using HealthCare Bluebook Surgery Plus is a benefit that provides pre-planned, non-
and SurgeryPlus. Earned rewards can be used to pay for emergency surgical services. Surgical procedures will be
eligible medical, dental, and vision expenses. covered by State of Florida insurance; however, Surgery Plus
bundles services together for one bundled payment.
Enrollment and changes are made through People First.
HEALTH REIMBURSEMENT ACCOUNT (HRA)
With an HRA account, employees receive reward
contributions that are earned from participating in the
shared savings program. Funds earned can be used to pay

A C C O U N TS
for eligible medical, dental, vision, and prescription drug
expenses.

FLEXIBLE SPENDING ACCOUNTS (FSA) FLEXIBLE SPENDING ACCOUNT OPTIONS

The state offers three Flexible Spending Accounts (FSAs) to HEALTHCARE FSA
eligible employees that provide a tax break on predictable A HealthCare FSA is an account that eligible employees
out-of-pocket costs. Pre-tax contributions are made during contribute pre-tax money to in order to pay for eligible
the calendar year, January 1 - December 31. Participants medical, dental, vision, and prescription drug expenses.
receive a Chard Snyder Benny Card to use for eligible
expenses. DEPENDENT CARE FSA
A Dependent Care FSA is an account that eligible employees
Enrollment and changes are made through People First. can use to reimburse eligible services to care for children
age 13 and under, or an older dependent who needs
supervised care.
FSA CONTRIBUTIONS
LIMITED PURPOSE FSA
Minimum Maximum Carry Over A Limited Purpose FSA is an account that employees
enrolled in a High Deductible Health Plan (HDHP) can
HealthCare $60 $3,200 $640
contribute pre-tax money to for eligible dental, vision, and
Limited Purpose $60 $3,200 $640 preventative services not covered by a Health Savings
Dependent Care $60 $5,000 NONE Account (HSA).

VISION INSURANCE
Employees have access to competitive vision coverage at affordable rates through Humana Vision. The plan provides in-
network coverage and non-network allowances for glasses and contacts. Employees receive a wholesale discount on frames
every 24 months and a glasses lens or contact lens benefit every 12 months. Enrollment and election changes are made
through People First.

VISION INSURANCE MONTHLY PREMIUM

Humana Vision
Employee Only
$5.92
Employee + Spouse Employee + Child(ren) Employee + Family
$11.68 $11.56 $18.16
3
DENTA L
DENTAL INSURANCE
The State of Florida offers comprehensive dental coverage through a variety of providers. Coverage is effective the first day of the
month following one month’s full premium deduction. Enrollment and election changes are completed by the employee
through People First.
DENTAL PLAN COMPARISON CHART
Monthly Premiums
Plan
Type of Dental Plan Plan Name Employe Employee Employee Employee
Code
e + + + Family
Only Spouse Child(ren)
Prepaid Dental Plan
4034 CIGNA Dental $22.81 $44.94 $53.59 $68.46
• Pays benefits only when you use network providers
• No deductible or annual maximum
• Most preventive care at no charge 4025 Sun Life Dental $14.93 $25.17 $33.26 $43.54
A N D LIF E

• Pay a fixed copayment for other dental procedures

Orthodontia: Covered for adults and children
(excluding Preventive PPO). 4044 Humana HD205 Dental $12.64 $21.20 $23.00 $32.98
PPO Dental Plan
4023 Ameritas Preventive $21.64 $40.92 $43.80 $64.16
• Receive care from any dentist
• Your cost is lower when you use network dentists
4094 Humana Preventive $20.52 $37.98 $42.44 $61.60
• You generally have an annual deductible to meet
before the plan starts paying benefits, and then you
pay partof the cost for the services you receive. 4033 MetLife Preventive $18.32 $33.86 $37.84 $54.94
• Orthodontia: Covered for adults and children
(excluding Preventive PPO). 4022 Ameritas Standard $31.64 $59.24 $66.32 $96.56

4092 Humana Standard $30.64 $56.70 $63.36 $91.98

INSURANCE

4032 MetLife Standard $36.24 $67.04 $74.90 $108.76

Indemnity with PPO Dental Plan

4021 Ameritas Indemnity $47.24 $87.64 $99.80 $144.08
• Receive care from any dentist
• Your cost is lower when you use network dentists
4090 Humana Indemnity $45.76 $84.66 $94.60 $137.34
• You generally have an annual deductible to meet
before the plan starts paying benefits, and then
you pay a percentage of the cost for the services 4031 MetLife Indemnity $46.16 $85.38 $95.42 $138.52
you receive.
• Orthodontia: Child only orthodontia covered by Sun Life.
4074 Sun Life Indemnity PPO $43.55 $83.61 $98.83 $130.35

Indemnity PPO Dental Plan

• Receive care from any dentist
4084 Humana Schedule B $14.74 $21.96 $23.30 $37.10
• You have a deductible to meet and then pay part of
the cost for the services you receive.

LIFE INSURANCE
The State of Florida offers group term life insurance to eligible employees and their eligible dependents. Life insurance policies
are offered by Securian Financial. Additional benefits and services, such as legal services, life events, and milestone services,
are available to plan participants. Enrollment and election changes are completed by the employee through People First.

LIFE INSURANCE OPTIONS

BASIC LIFE INSURANCE DEPENDENT SPOUSE LIFE INSURNACE
FSU covers the cost of this life insurance policy for all Employees can elect dependent spouse life coverage. Two
full-time employees. Coverage is valued at $25,000. Part- benefit amounts are available: $15,000 and $20,000.
time employees pay a prorated amount and OPS pay the Coverage is guaranteed issue if elected when spouse
full premium. Full-time employees are automatically is first eligible, otherwise, medical underwriting is
enrolled upon employment. required. This benefit is paid by the employee.

OPTIONAL LIFE INSURANCE DEPENDENT CHILD LIFE INSURANCE

Employees enrolled in basic life insurances (not OPS) Employees enrolled in basic life insurance can also
can also elect additional coverage between 1 and 7 times elect dependent child life insurance. The benefit for this
your salary, up to a maximum of $1,000,000. Medical coverage is $10,000 and covers all eligible children. This is
underwriting may be required. The cost is based on age paid for by the employee.
4 and the amount selected. This benefit is paid by the
employee.
SUPPLEMENTAL INSURANCE PLANS

S U P P L E M E N TA L PLANS
The following supplemental benefit plans are fully funded by the employee. Costs vary by plan and coverage level. Coverage
is effective on the first day of the month following one full month’s premium deduction. Individual enrollment is necessary.

SUPPLEMENTAL INSURANCE PLAN OPTIONS

ACCIDENT PLANS EXECUTIVE SERVICE DISABILITY PLAN
Accident plans help pay for expenses when an employee Executive Service employees are automatically enrolled in a
becomes injured during a covered accident. Coverage is state disability policy that FSU pays. This policy provides
available through Colonial Life. one year of income replacement at a reduced rate in the
event of a disability.
CANCER PLANS SHORT TERM DISABILITY
Depending on the coverage chosen, this policy helps to
Coverage is available through Colonial Life. This policy helps
offset some of the expenses of a cancer diagnosis and
supplement your income during a short-term disability.
treatment. Coverage is available from AFLAC through
Depending on the level of coverage selected, it can pay up
Capital Insurance Company and Colonial Life. to 66% of your income.
INTENSIVE CARE PLANS HOSPITALIZATION PLANS
Coverage is available from AFLAC through Capital Coverage is available from Cigna through Capital Insurance
Insurance Agency. This policy has a daily benefit for stays in Agency, and New Era through State Securities Corp. This
a hospital intensive care unit. policy pays daily payments while in the hospital.

ADDITIONAL SUPPLEMENTAL INSURANCE PLANS

The following supplemental benefit plans are fully paid through post-tax payroll deductions by the employee. Costs vary by
plan and coverage level chosen. Individual enrollment in the following plans is through the company that it is offered with.
The effective date of coverage is determined at enrollment. Most plans are offered guaranteed issue to eligible new
employees within 60 days of employment.

ADDITIONAL SUPPLEMENTAL INSURANCE PLAN OPTIONS

ACCIDENTAL DEATH & DISMEMBERMENT offers low GABOR FINANCIAL SOLUTIONS LIFE INSURANCE
cost supplemental coverage that provides benefits in the OPTIONS
event of an accidental death or dismemberment (including
family members) for one low group rate. Guaranteed issue WHOLE LIFE with Mass Mutual offers permanent
to all new full-time employees. Enroll with Gabor Financial protection. It guarantees a death benefit, level premium
Solutions. and increases in cash value. It is offered to benefit eligible
employees on a guaranteed issue basis or simplified
LONG TERM DISABILITY provides an inexpensive way to underwriting up to $250,000. You can also get coverage for
help protect your income, your family, and yourself from your spouse. Enroll with Gabor Financial Solutions.
loss due to an unexpected illness or injury. Replaces up to GROUP TERM LIFE is underwritten by Standard
60% of your income and begins after either 30 or 90 days. Insurance Company. Guaranteed issue with no medical
Enroll with Gabor Financial Solutions. exam during the first 60 days of employment. Coverage
is up to four times your salary with a maximum of
LONG TERM CARE provides assistance needed if you $200,000. Spouses are also eligible for guaranteed
become chronically ill and are unable to handle activities of coverage up to $50,000. Enroll with Gabor Financial
daily living. Covered services include assistance received at Solutions.
home, community adult day care center, hospice care
facility, assisted living facility, or nursing home. Coverage is TERM LIFE is underwritten by Symetra Life Insurance
portable. Enroll with Gabor Financial Solutions. Company. Employees can choose a term of 10, 15, 20 or
30 years. It includes advance access if diagnosed with a
CRITICAL ILLNESS p r o v i d e s assistance with paying terminal illness. Enroll with Gabor Financial Solutions
medical, travel, and treatment expenses for critical LEGAL SERVICES AND IDENTITY PROTECTION is an
illnesses that are not covered by health insurance. Enroll option available with US Legal. Services include legal
with Colonial Life. advice, estate planning, custody, credit monitoring and
other identity and legal services. Enroll with US Legal.

5
 LEAVE AND HOLIDAYS
LEAVE
FSU offers generous leave benefits to our benefit-eligible Executive Service, Faculty, A&P, and USPS employees. Eligible
employees begin to accrue Annual and Sick Leave hours upon employment. Leave accrued is credited at the end of the
pay period or the last day an employee is on the payroll, due to separation prior to the end of the pay period. Accrual for
part-time employees is based on the number of hours in paid status during the pay period.

SICK AND ANNUAL LEAVE ACCRUALS

ANNUAL LEAVE (Vacation) - Faculty (12 month), A&P, and USPS Annual Sick
Annual Leave is accrued by eligible employees in pay status and is credited on Leave Leave
Faculty (12 Month) 6.769 4
the last day of the pay period. The accrual rate is prorated when on leave without
A& P 6.769 4

Bi-Weekly Accruals
pay and for part-time employees. Executive Service 9.195 5
SICK LEAVE - Faculty, A&P, and USPS USPS (Months of Service)
0-6 4 4
Sick Leave is accrued by eligible employees in pay status and is credited on the
7-60 4 4
last day of the pay period. The accrual rate is prorated when on leave without
61 - 120 5 4
pay and for part-time employees. Over 120 6 4
EXECUTIVE SERVICE LEAVE
Annual and sick leave is accrued by eligible Executive Service employees and is credited on the last day of the pay period.
The accrual rate is prorated when on leave without pay and for part-time employees.

SICK LEAVE POOL - Faculty, A&P, and USPS

Employees who join the Sick Leave Pool may request and receive up to 480 hours in a 12-month period for their serious
illness or severe injury after using all earned sick, annual (vacation), personal holiday and compensatory leave. Members
may be granted a lifetime maximum of 960 hours during their employment with FSU. The use of hours from the Sick Leave
Pool is for a member employee's serious or catastrophic health condition. Applicants must meet eligibility requirements
to be accepted.
PERSONAL HOLIDAY - USPS
Each full-time USPS employee is entitled to one personal holiday each University fiscal year with appropriate accrual for
less than full-time employment. The personal holiday will be credited to eligible employees on July 1 of each year to be
taken by June 30 of the following year. The personal holiday must be used in full and can’t be split for use on multiple days.

ADMINISTRATIVE LEAVE - Executive Service, Faculty, A&P, and USPS

Administrative Leave may be granted to Executive Service, Faculty, A&P or USPS employees to cover absences from work
for specific events such as: death of a family member, legal matters, military situations, emergency closure, and any other
closure as authorized by the University President. With absences for these specific purposes, an employee is not
required to use any type of accrued or earned leave to cover the absence.

PAID TIME OFF (PTO) - Postdoctoral Scholars

PTO is granted to postdoctoral scholars and accrues at a rate of 4 hours each bi-weekly pay period while in full-time pay
status. Postdoctoral scholars less than full time will accrue a prorated amount. It may be used for vacation, personal
reasons, illness or any other purpose.

PARENTAL LEAVE - Executive Service, Faculty, A&P, USPS, and OPS

The University offers up to six months of unpaid leave for the birth or adoption of a child. The parental leave may
run concurrently with Family Medical Leave entitlements.
PAID PARENTAL LEAVE - Faculty
The University offers faculty members (excluding University School Instructors) a one-time paid leave, for up to six months,
for the birth or adoption of a child. The parental leave may run concurrently with Family Medical Leave entitlements.
FAMILY MEDICAL LEAVE ACT (FMLA)
FMLA is a federal law enacted to assist employees in maintaining a balance between work and family responsibilities. It
provides eligible employees unpaid job-protected leave for qualifying events. All FSU employees are eligible for Family
and Medical Leave (FML), including OPS employees, as long as they meet federal work requirements. Eligibility is
established by the Fair Labor Standards Act (FLSA) principles for determining compensable hours for work. The
University uses a ‘rolling’ 12-month period rather than a calendar or academic year.

6
EMPLOYEE TUITION SCHOLARSHIP PROGRAM

ADDITIONA
Florida State University provides the opportunity for the University's employees to take up to two courses or six hours of
course work per academic term tuition-free. To be eligible, employees must be a full-time (1.0 FTE), salaried (AEX, A&P,
Faculty and USPS) employee and, if currently enrolled, be in good academic standing.

EMPLOYEE DEPENDENT TUITION SCHOLARSHIP

Florida State University provides dependent children of full-time faculty and staff with a scholarship opportunity to obtain
tuition assistance for an undergraduate education at FSU. Human Resources will choose at random from a pool of applicants
a limited number of eligible dependent children of qualified faculty and staff.

TRAINING & ORGANIZATIONAL DEVELOPMENT

Florida State University's Office of Training & Organizational Development (TOD) is responsible for assisting in the
achievement of the University’s strategic goals and objectives through a focused delivery of workplace training and
personal development. Employees are encouraged to take advantage of various training opportunities.

PAYROLL

BENEFITS
All employees are required to participate in the University’s Direct Deposit program as a condition of employment. New
employees must sign up for mandatory direct deposit when they complete their onboarding process. Changes can be made
at any time through OMNI Employee Self Service.

FITNESS FACILITIES
Faculty and staff may purchase annual memberships to the Leach Recreation Center and the Fitness and Movement Clinic.
Payroll deduction is available.

FACULTY/STAFF MEAL PLANS

Faculty and staff can save at every on-campus meal by purchasing a meal plan, which can be paid for by payroll deduction.
Flexible meal plan options are available for as little as $6 per meal.

PARKING AND TRANSPORTATION

Parking permits are required to park on campus 24/7. Permits are issued to a specific individual and may not be transferred
to another person. There are various permit types to provide equitable access to specific parking areas. Each permit is
restricted to the parking location that matches the letter on the permit as assigned. Employees must register their vehicle(s)
by going online or visiting the Parking & Transportation Services office.

FLORIDA PREPAID COLLEGE PLAN

A Florida Prepaid College Plan allows employees to lock in college plan prices and prepay, on a bi-weekly deduction
schedule, the future cost of college tuition, tuition differential fees, local fees, and dormitory housing. Employees can enroll
into a Florida Prepaid account at anytime.

FLORIDA 529 PLAN

A Florida 529 Plan is an investment account that provides a flexible and tax-free way to save for college expenses.
Investment earnings are not taxed as long as they are used for qualified educational expenses. Employees can enroll into a
Florida 529 account at any time.

EMPLOYEE ASSISTANCE PROGRAM

The Employee Assistance Program (EAP) is a free, confidential program that provides a professional
support system for faculty and staff. EAP is committed to improving the well-being of FSU employees
through a program that addresses personal and/or workplace difficulties with the help of licensed
mental health professionals. Employees have access to short-term counseling, supervisor consults,
organizational development opportunities, mediation services, and an emergency loan program.

7
 EMPLOYER-SPONSORED RETIREMENT PLANS
RETIREMENT
All Executive Service, Faculty, A&P, and USPS employees participate in a State of Florida retirement program. These plans
are primarily employer-funded accounts with employees making a mandatory 3% contribution regardless of the plan
chosen. Plan participation is based on position type.

Faculty in the College of Medicine are mandatory SUSORP participants. USPS employees will elect to participate in either
the FRS Pension Plan or the FRS Investment Plan.

Employee Type Retirement Plan Vesting Period Enrollment Form(s) Enrollment Deadline
SUSORP None ORP-ENROLL-1 90 days from hire date.
A&P, Executive
FRS Pension 8 years ORP-ENROLL-1 and The last business day of the 8th
Service, Faculty
FRS Investment 1 year ELE-1-EZ month after month of hire.
FRS Pension 8 years The last business day of the 8th
USPS ELE-1-EZ
FRS Investment 1 year month after month of hire.
PLANS

EMPLOYER-SPONSORED RETIREMENT PLAN OPTIONS

FLORIDA RETIREMENT SYSTEM (FRS) PENSION PLAN
The FRS Pension Plan is a defined benefit plan. Participants are vested upon completion of 8 years of creditable service
and eligible to receive a lifetime monthly benefit at retirement.

FLORIDA RETIREMENT SYSTEM (FRS) INVESTMENT PLAN

The FRS Investment Plan is a defined contribution plan. Participants are vested upon completion of 1 year of creditable
service and decide how to allocate contributions among offered investment funds. The amount of the retirement benefit is
determined by the employer and employee contributions and the performance of the investment fund choices.

STATE UNIVERSITY SYSTEM OPTIONAL RETIREMENT PROGRAM (SUSORP)

The SUSORP is a defined contribution plan. Participants are vested immediately once enrolled and decide which approved
SUSORP provider company, or companies, to invest their funds. The amount of the retirement benefit is determined by the
employer and employee contributions and the performance of the investment funds.

VOLUNTARY RETIREMENT PLANS VOLUNTARY RETIREMENT PLAN OPTIONS

Florida State University offers all eligible employees the 403(b) SAVINGS PLAN
opportunity to participate in voluntary retirement plans. All employees can participate in a voluntary 403(b)
These retirement plans offer employees the opportunity to Savings Plan. Contributions are payroll deducted on a pre-
save pre-tax and post-tax money for retirement, up to the tax basis and are forwarded to a participating investment
IRS limit for each plan type. company.

Participation is voluntary and deposits are made through ROTH 403(b) SAVINGS PLAN
payroll deduction. Employees may enroll and make changes All employees can participate in a Roth 403(b) Plan.
to contributions at any time. Contributions are payroll deducted on a post-tax basis and
are forwarded to a participating investment company.
IRS 2023 CONTRIBUTION LIMIT
FLORIDA DEFERRED COMPENSATION 457 PLAN
Age
Contribution Employees may participate in a Deferred Compensation
Limit pre-tax or Roth 457 Plan. Enrollment is completed
< 50 $23,000
through one of the approved provider companies or
50 < $30,500
through the Florida Deferred Compensation Office.

OPS EMPLOYEE RETIREMENT PLAN

401(a) FICA ALTERNATIVE PLAN
Eligible Temporary employees who are not exempt from social security taxes participate in the FICA Alternative Plan
through Bencor. Employees are automatically enrolled and unenrolled based on their salary plan status. Participants

8 contribute 7.5% of their wages into a 401(a) investment account instead of paying social security payroll taxes. The account
is portable upon separation from the University or entering a position covered by the State of Florida Retirement
program.