skip to main content

Gmail PAEC Single Sign On Skyward HelpDesk FacebookTwitter RSS

 

HomeClick
Home Parents Students Staff Employment

Links
Twitter

Retirement and Leave Information

RETIREMENT FROM GADSDEN COUNTY SCHOOLS

Employees of The Gadsden County School Board are covered by the Florida Retirement System (FRS), and are eligible for retirement benefits provided through FRS. For information regarding FRS benefits, you may go to http://dms.myflorida.com/human_resource_support/retirement.

The most common types of retirement from Gadsden County Schools are: Normal Retirement, Deferred Retirement Option Program, and Disability Retirement.

Normal Retirement is defined as retirement at/after age 62 with six or more years of service, or retirement at/after 30 years of service at any age prior to 62. Individuals who retire from Gadsden County Schools under Normal Retirement are eligible to receive payment for accrued sick leave based upon School Board Policy, or applicable negotiated contract with Gadsden County Classroom Teachers Association (GCCTA), or Gadsden Educational Support Personnel Association (GESPA).

Deferred Retirement Option Program (DROP) is a retirement program allowing you to retire and continue to work. During DROP participation, your monthly retirement benefit goes into an annuity maintained at the Division of Retirement, you continue to work and draw your monthly salary. The current maximum period of time that you may participate in DROP is 60 months from the date that you first become eligible for normal retirement. If you reach normal retirement before you become 57 years of age, you may elect to wait until age 57 before you enter DROP and still participate for the full 60 months. A window of opportunity for participation in DROP exists, and that window begins the month you become age 62 (with six or more years of service) or 57 (with 30 or more years of service). You have twelve months in the window in which you may choose to go into DROP. Information from FRS counselors indicates that if you wish to participate, you gain the most from the program by beginning at your earliest eligible date.

Teachers may elect to enter DROP at any time after they are eligible for normal retirement. In other words, a teacher may wait an indefinite period of time to enter DROP (i.e. be age 65 with 35 years of service) and still participate for the full 60 months.

New legislation has provided the possibility of three additional years (for a total of 96 months) participation in DROP for teachers only. These three years are permissive, and require an annual request by the teacher, affirmative recommendation of the principal, and approval by the Superintendent or his/her designee. More information for teachers is provided at the end of the original 5 year DROP participation.

Policies regarding payment of sick and annual leave, retirement incentive, and sick leave bank for individuals participating in DROP are described briefly below, or applicable negotiated contract with Gadsden County Classroom Teachers Association (GCCTA), and Gadsden Educational Support Personnel Association (GESPA).

Annual Leave: Accumulated annual leave will be paid to you at the time that you enter DROP at the rate of pay you are receiving at that time. This is so that your annual leave pay can be included in your average final compensation with the Florida Retirement System. Annual leave accrued between entering DROP and your termination of employment will be paid at your termination of employment based upon the rate of pay you are receiving at that time. (Participating in DROP does not affect the rate at which you accrue annual leave.)

Sick Leave: Accumulated sick leave for which you are eligible to be paid will be paid annually over the DROP period. If you participate in DROP for the full five years, you will receive 20% of the leave for which you are eligible when you enter DROP and 20% each anniversary date until paid in full. The remaining sick leave that you are entitled to be paid will be paid at the time that you terminate. Sick leave will be paid at the rate of pay you are making at the time payment occurs. Any sick leave not paid is available for your use if needed, and you will continue to accrue sick leave while participating in DROP. At your termination of employment, you will have a final payment for sick leave for which you are eligible to be paid.

Disability Retirement is a retirement program designed to provide income to qualified FRS members who cannot continue working because they have become disabled. There are two types of Disability Retirement: Regular and In-line-of-duty. To qualify for FRS disability benefits, you must be totally and permanently disabled from performing any useful and efficient service as an officer or an employee.

Regular disability is for an illness or injury from natural causes or an accident not related to your employment. To be eligible for regular disability, you must have:

1. Completed at least six years of creditable service;

2. Become a member of FRS before July 1, 1980 and have completed five years of creditable service by that date; or

3. Have been a member of FRS on July 1, 1980, have a total of five years of creditable service and not be fully insured for Social Security benefits.

In-line-of-duty disability is for an illness or injury arising out of and during the performance of your duties as required by Gadsden County Schools. In-line-of-duty disability benefits are available to you from your first day of employment. You may apply for in-line-of-duty disability retirement benefits if you believe that the illness or injury causing your disability arose out of and during the performance of your duties as required by Gadsden County School Board.

Wanda McCall in the Finance Office is available to discuss retirement options with you and assist you in completing appropriate paperwork. Information that you will need to apply for retirement and might not have readily available includes: your birth certificate; the name, address and birth date of your beneficiary; and if your spouse is your beneficiary, you will need his/her birth certificate.

Back to Top
35 Martin Luther King, Jr. Blvd | Quincy, Florida 32351 | Office: (850) 627- 9651 | Fax: (850) 627-2760