FRS, 175, & 185 Pension Plans for First Responders

Answer:

In Florida, we are often asked by first responders what the difference is between FRS and a 175 or a 185 type of pension plan. In order to be eligible for an FRS type plan, you need to be unable to return to work at all in any type of position. You have to be permanently and totally disabled to be eligible for that benefit. For the 175 or 185 plan, you have to be unable to return to your job as a first responder, so that may be a slightly lower, easier burden to obtain. Your department has chosen which type of pension plan you are subscribed to or you are eligible for. We can help with both. We cover the entire state, and we’d be very happy to assess whether or not you may be eligible for this pension plan which provides benefits that are tax-free potentially for the rest of your life.