Public Employee Optional Retirement Program definition

Public Employee Optional Retirement Program. ’ or “PEORP” means the defined contribution retirement program of the Florida Retirement System established by Section 121.4501, F.S., more commonly known as the FRS Investment Plan.

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Public Employee Optional Retirement Program or “PEORP” shall mean the optional defined contribution plan within the Florida Retirement System, established in Part II of Chapter 121, F.S.

Public Employee Optional Retirement Program or “PEORP” means the new defined contribution retirement program of the Florida Retirement System established by Section 121.4501, Florida Statutes.

Examples of Public Employee Optional Retirement Program in a sentence

• The two optional retirement programs for particular employee groups are: FRS Pension Plan and the Public Employee Optional Retirement Program (FRS Investment Plan).