Lifetime monthly annuity income provided at retirement based on amount of funds contributed, investment earnings of those funds, and type of annuity selected. Annual benefits figured on average of best five years of earnings multiplied by percentage factor based on age or years of state service. Thirty years gives full benefits at retirement, regardless of age. Deductions taken 24 times a year. From date of hire May be purchased via payroll deduction.
Deduction varies depending on bond denomination selected.
From date of hire Pays all reasonable and necessary medical care if UF employees or volunteers are injured or develop an occupational disease as a direct result of performing assigned job duties. Provides payment to employees for part of the wages they might lose if the injury or illness disables them for more than 7 calendar days. From date of hire Up to 6 credits free of charge each semester at any State University System institution. Certain courses are exempt and taxes may apply. Courses do not have to be job-related.