The information provided in this guide is based on the Florida. Retirement System (FRS) Pension Plan laws and rules in existence as of July 2024.I plan on retiring in June. What do I have to do and when? Administered under the laws of the State of Florida. Retirement benefits are payable on the last state business day of each month. Any elected officer may elect to withdraw from participating in the Florida Retirement System in any manner whatsoever. New Client Consultation. Instead of receiving a gold watch when the retirement petition is approved, the lawyer becomes ineligible to practice Florida law. When filling out the papers, use the name on your social security card.