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<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<img width="190" height="84" style="width:1.9791in;height:.875in" id="Picture_x0020_2" src="cid:image001.png@01D6E9BC.607EBB50"><strong><span style="font-family:"Calibri",sans-serif"><o:p></o:p></span></strong></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:normal">
<strong><span style="font-family:"Calibri",sans-serif;font-weight:normal"><o:p> </o:p></span></strong></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:normal">
<strong><span style="font-family:"Calibri",sans-serif;font-weight:normal">An important message from FSU Office of Human Resources<o:p></o:p></span></strong></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:normal">
<strong><span style="font-family:"Calibri",sans-serif;font-weight:normal"><o:p> </o:p></span></strong></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:normal">
<b>This message has been approved by Shelley Lopez, Program Director, Communications/Special Projects, for distribution to
</b><strong><span style="font-family:"Calibri",sans-serif">all Department Representatives.
</span></strong><strong><span style="font-family:"Calibri",sans-serif;font-weight:normal"><o:p></o:p></span></strong></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><i>The following message was sent to all employees enrolled in the Optional Retirement Program (ORP) or the Florida Retirement System Investment Plan.
<o:p></o:p></i></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto">The Optional Retirement Program (ORP) and the Florida Retirement System Investment Plan contributions will now be shown separately on your paycheck under
<b><i>Employer Paid Benefits </i></b>effective January 15, 2021.<b><i> </i></b>The split will break out the FSU contribution to your retirement into separate line items, including one item for the Retirement Assessment Fee paid by the University.
<span style="color:black">FSU’s contribution to your retirement has not changed; however,
</span>the separated items should provide a clearer understanding of the amount of each contribution.<span style="font-size:10.5pt;line-height:115%"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:normal">
The retirement contribution rates are established by the Florida Legislature and are subject to change each fiscal year. For fiscal year 2020 – 2021, the percentages are indicated below:<o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:normal">
<o:p> </o:p></p>
<table class="MsoTable15Grid5DarkAccent3" border="1" cellspacing="0" cellpadding="0" style="margin-left:33.5pt;border-collapse:collapse;border:none">
<tbody>
<tr>
<td style="border:solid windowtext 1.0pt;background:#782F40;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<b><span style="color:white">Retirement</span></b><span style="color:white"><o:p></o:p></span></p>
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<b><span style="color:white">Plan<o:p></o:p></span></b></p>
</td>
<td valign="top" style="border:solid windowtext 1.0pt;border-left:none;background:#782F40;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<b><span style="color:white">Employee</span></b><span style="color:white"><o:p></o:p></span></p>
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<b><span style="color:white">Contribution<o:p></o:p></span></b></p>
</td>
<td valign="top" style="border:solid windowtext 1.0pt;border-left:none;background:#782F40;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<b><span style="color:white">FSU’s Contribution to</span></b><span style="color:white"><o:p></o:p></span></p>
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<b><span style="color:white">Investment Account<o:p></o:p></span></b></p>
</td>
<td valign="top" style="border:solid windowtext 1.0pt;border-left:none;background:#782F40;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<b><span style="color:white">Retirement</span></b><span style="color:white"><o:p></o:p></span></p>
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<b><span style="color:white">Assessment Fee<o:p></o:p></span></b></p>
</td>
</tr>
<tr style="height:.3in">
<td style="border:solid windowtext 1.0pt;border-top:none;background:#CEB888;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormalCxSpMiddle" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;mso-add-space:auto;text-align:center;line-height:normal">
<b><span style="color:black">Opt Retire Plan-Mandatory</span></b><span style="color:white"><o:p></o:p></span></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">3%</span><o:p></o:p></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">5.14%</span><o:p></o:p></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">3.45%</span><o:p></o:p></p>
</td>
</tr>
<tr style="height:.3in">
<td style="border:solid windowtext 1.0pt;border-top:none;background:#CEB888;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormalCxSpMiddle" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;mso-add-space:auto;text-align:center;line-height:normal">
<b><span style="color:black">FRS Investment Plan Regular Class</span></b><span style="color:white"><o:p></o:p></span></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">3%</span><o:p></o:p></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">3.30%</span><o:p></o:p></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">6.70%</span><o:p></o:p></p>
</td>
</tr>
<tr style="height:.3in">
<td style="border:solid windowtext 1.0pt;border-top:none;background:#CEB888;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormalCxSpMiddle" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;mso-add-space:auto;text-align:center;line-height:normal">
<b><span style="color:black">FRS Investment Special Risk</span></b><span style="color:white"><o:p></o:p></span></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">3%</span><o:p></o:p></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">11.00%</span><o:p></o:p></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">13.45%</span><o:p></o:p></p>
</td>
</tr>
<tr style="height:.3in">
<td style="border:solid windowtext 1.0pt;border-top:none;background:#CEB888;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormalCxSpMiddle" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;mso-add-space:auto;text-align:center;line-height:normal">
<b><span style="color:black">FRS Investment Sr. Mgmt Srvc</span></b><span style="color:white"><o:p></o:p></span></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">3%</span><o:p></o:p></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">4.67%</span><o:p></o:p></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">22.62%</span><o:p></o:p></p>
</td>
</tr>
<tr style="height:.3in">
<td style="border:solid windowtext 1.0pt;border-top:none;background:#CEB888;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormalCxSpMiddle" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;mso-add-space:auto;text-align:center;line-height:normal">
<b><span style="color:black">FRS Investment Renewed Regular</span></b><span style="color:white"><o:p></o:p></span></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">3%</span><o:p></o:p></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">3.30%</span><o:p></o:p></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">6.70%</span><o:p></o:p></p>
</td>
</tr>
<tr style="height:.3in">
<td style="border:solid windowtext 1.0pt;border-top:none;background:#CEB888;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormalCxSpMiddle" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;mso-add-space:auto;text-align:center;line-height:normal">
<b><span style="color:black">FRS Investment Retiree Reh Reg</span></b><span style="color:white"><o:p></o:p></span></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">3%</span><o:p></o:p></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">3.30%</span><o:p></o:p></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">6.70%</span><o:p></o:p></p>
</td>
</tr>
<tr style="height:.3in">
<td style="border:solid windowtext 1.0pt;border-top:none;background:#CEB888;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormalCxSpMiddle" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;mso-add-space:auto;text-align:center;line-height:normal">
<b><span style="color:black">Opt Retire Plan-Renewed</span></b><span style="color:white"><o:p></o:p></span></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">3%</span><o:p></o:p></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">5.14%</span><o:p></o:p></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">3.45%</span><o:p></o:p></p>
</td>
</tr>
<tr style="height:.3in">
<td style="border:solid windowtext 1.0pt;border-top:none;background:#CEB888;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormalCxSpMiddle" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;mso-add-space:auto;text-align:center;line-height:normal">
<b><span style="color:black">Opt Retire Reh Ret</span></b><span style="color:white"><o:p></o:p></span></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">3%</span><o:p></o:p></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">5.14%</span><o:p></o:p></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">3.45%</span><o:p></o:p></p>
</td>
</tr>
<tr style="height:.3in">
<td style="border:solid windowtext 1.0pt;border-top:none;background:#CEB888;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormalCxSpMiddle" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;mso-add-space:auto;text-align:center;line-height:normal">
<b><span style="color:black">FRS Investment Rehire Sr Mgmt</span></b><span style="color:white"><o:p></o:p></span></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">3%</span><o:p></o:p></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">6.39%</span><o:p></o:p></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">20.90%</span><o:p></o:p></p>
</td>
</tr>
<tr style="height:.3in">
<td style="border:solid windowtext 1.0pt;border-top:none;background:#CEB888;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormalCxSpMiddle" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;mso-add-space:auto;text-align:center;line-height:normal">
<b><span style="color:black">FRS Investment Renewed Sp Risk</span></b><span style="color:white"><o:p></o:p></span></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">3%</span><o:p></o:p></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">11.00%</span><o:p></o:p></p>
</td>
<td style="border-top:none;border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;background:white;padding:0in 5.4pt 0in 5.4pt;height:.3in">
<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:center;line-height:normal">
<span style="color:black">13.45%</span><o:p></o:p></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;line-height:normal">
<o:p> </o:p></p>
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<o:p> </o:p></p>
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<b><o:p> </o:p></b></p>
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<o:p> </o:p></p>
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<td width="614"></td>
<td width="6"></td>
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<td height="128"></td>
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<br style="mso-ignore:vglayout" clear="ALL">
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<b>Questions?</b> Please contact Jennifer Stamper at <a href="mailto:jstamper@fsu.edu">
jstamper@fsu.edu</a>. <o:p></o:p></p>
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