The Florida Retirement System – or FRS – reports and 8.7 billion dollar deficit this year…another casualty of the nation’s economic downturn. Last year at this time it had an 8 billion dollar surplus. Florida’s faltering economy has directed some scrutiny at one of the FRS provisions – its Deferred Retirement Option Program, also known simply as DROP. Is it being used the way it was originally intended? WGCU’s Valerie Alker reports. And we should note that most full time WGCU employees are enrolled in the FRS…
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