For New Jersey and Florida police officers
Police Retirement Planning for New Jersey and Florida Officers
You have a plan in your head. Has anyone run the numbers to see if it lasts the rest of your life?
The short answer
We help New Jersey and Florida police officers see, in writing, whether their pension, Social Security, and deferred comp will cover the rest of their lives, before they make retirement decisions they cannot undo.
Three retirement decisions you only make once
Your payout option
Protecting your spouse for life can cost more than $1,000 a month. The choice is made once.
Compare the four optionsEntering DROP
DROP can run up to 96 months. Know what you are locking in before you walk through the door.
Should you enter DROP?Your life insurance
Coverage drops to half a year's pay at retirement, and you have 31 days to replace what you lose.
What happens at retirementStart with your state
Serve in another state? We work with officers nationwide by phone and Zoom. Officers in other states
What a real analysis shows
Here is what the payout choice cost one hypothetical Florida special risk officer. Every option has a price, and sometimes the survivor option is the right one. We will tell you when it is.
| Option | What your survivor gets | Monthly benefit | Cost over 20 years |
|---|---|---|---|
| Option 1 | Nothing | $8,326 | None |
| Option 2 | Payments for the rest of 10 years | $8,212 | $31,646 |
| Option 3 | The same payment for life | $7,061 | $352,042 |
| Option 4 | Two-thirds for life | $7,605 | $200,562 |
Hypothetical example: Florida FRS special risk member hired before July 1, 2011. Estimates only. Your numbers will differ.
How it works
Take the readiness check
About two minutes. You will see what you know and what you do not.
A 20-minute call
By phone or Zoom, within 24 hours of your request.
Face to face, with your numbers
Your pension, Social Security, and deferred comp, in one written analysis we walk through together. How we work
Who we are, and who we are not
- Comprehensive. Pension, Social Security, deferred comp, health, and protection, in one picture.
- Face to face. Your second meeting is always in person.
- We do not manage your money. No accounts to move.
- Honest about your options. If the survivor option is better for you, we say so.
- Not your pension office. We are independent of every pension system.
“Financial freedom isn’t simply about how much money you’ve accumulated. It’s about having the security, confidence, and peace of mind to live the life you want, protect the people you love, and enjoy the retirement you’ve worked so hard to earn.”
Frequently asked questions
Who is Police Retirement Income for?
Police officers in New Jersey and Florida who are about five to seven years from retirement and want to know, in writing, whether their income will last the rest of their lives.
Are you part of my pension system?
No. We are independent of every pension system. For an official estimate of your benefits, contact your pension system directly.
Do you manage my money?
No. We do not manage investments or move your accounts. We look at your whole retirement income picture: pension, Social Security, deferred comp, health coverage, and protection for your family.
How long can a Florida officer stay in DROP?
Up to 96 months under the 2023 law, which applies to all FRS classes. DROP balances are credited 4% interest under the same law.
What does the readiness check cost?
Nothing. It takes about two minutes, and it leads to a 20-minute introductory call and a no-cost comprehensive retirement income analysis.
These decisions are permanent. Two minutes is not.
Take the readiness check, then a 20-minute call about your own numbers, with a no-cost comprehensive retirement income analysis to follow.
Take the readiness checkPolice Retirement Income
Independent retirement income planning for New Jersey and Florida police officers.
New Jersey
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Police Retirement Income is an independent retirement planning service. We are not affiliated with, endorsed by, or acting on behalf of any pension system, including the New Jersey Division of Pensions and Benefits and the Florida Retirement System. For an official estimate of your benefits, contact your pension system directly.
We do not charge a fee for our planning. If you choose to purchase an insurance or annuity product, we are paid a commission by the insurance company. Examples on this site are hypothetical and for illustration only.
Figures come from the official New Jersey and Florida pension systems and are reviewed regularly.
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