The Port St. Lucie Police Officers’ Retirement Trust Fund is a Florida State Statute 185 Plan and also a 457 Deferred Compensation Plan. Compliance is overseen Florida, Department of Management Services/Division of Retirement.
A Local Law Plan, managed by a Board of Trustees, it has a “5 years + 1 day of eligible service” vesting requirement. The plan offers an early retirement option at age 50 with 10 years or more of service. Normal retirement age is 52 with 25 years of service or age 55 with 10 years of service.
Police Officers contribute 9% bi-weekly of pre-taxed gross earnings. There is a Buy Back Provision and a DROP Program. Police Officers become eligible on date of hire.
For more information, contact the pension office at 772-344-4223.
Additional benefits include
- $50,000 Basic Term Life Insurance
- $50,000 Accidental Death & Dismemberment Insurance
- Short-Term and Long-Term Disability
- Health, Vision and Dental Insurance
Optional Benefits
- Roth IRA
- Tuition reimbursement
- Flexible spending account
- Wellness program (including dental, vision and a prescription drug plan)
- Health reimbursement account
- Employee assistance plan
- Supplemental life
- Legal insurance
The City of Port St. Lucie provides a variety of benefits to meet the diverse needs of our employees.
Learn more about benefits offered by the City of Port St. Lucie.