Retirement Plans

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Eligible employees are provided retirement benefits through the following plans:

Florida Retirement System

  • Employees, officers and officials thereof, not excluded by law or excepted in City Code and eligible under F.S. ch.121, including Airport Police Officers, are eligible. 
  • For more information about the Florida Retirement System (FRS), contact FRS Customer Service 1-844-377-1888, visit the FRS website, or contact Pam Miller, City of Melbourne Benefits Coordinator at 321-608-7804 or pam.miller@mlbfl.org.

Police Officers’ Retirement Trust Fund

  • All Police Officers (excluding Airport Police Officers) are eligible.
  • For more information, contact Jennifer Chase, City of Melbourne Payroll/Pension Manager: 321-608-7030 or jennifer.chase@mlbfl.org.

Firefighters’ Pension Plan

  • All Firefighters are eligible. 
  • For more information, contact Jennifer Chase, City of Melbourne Payroll/Pension Manager: 321-608-7030 or jennifer.chase@mlbfl.org.

General Employees’ and Special Risk Class Employees’ Pension Plan

  • All current general employee members (except elected city officials) and all Airport Police Security Officers who are or were employed on or after January 1, 1996, and prior to August 1, 2008, and who did not opt to become a member of the Florida Retirement System are eligible. 
  • For more information, contact Jennifer Chase, City of Melbourne Payroll/Pension Manager: 321-608-7030 or jennifer.chase@mlbfl.org.

457 Deferred Compensation Program

The 457 Deferred Compensation Program is a supplemental retirement savings program that offers a tax-advantaged way to invest for potentially more retirement income. It allows employees to set aside tax deferred dollars toward retirement savings through automatic payroll deductions. There is no employer matching for this program.

The money contributed into this type of account, including earnings, accumulates on a tax-deferred basis. Employees can consolidate their retirement savings by rolling other eligible retirement assets into this account. The maximum an employee can elect to contribute is $19,500 for 2020. If over age 50, employees may also elect an additional “catch up” contribution of $6,500.

Nationwide Retirement Solutions

Institute of Certified Management Accountants (ICMA)