The General Employees' Retirement Fund is a fiduciary pension trust fund and is a division of the City of Tampa, Revenue and Finance Department.
Each qualified general employee is included in one of two separate single-employer defined benefit retirement plans. Both plans are pension trust funds covering full-time, part-time and certain types of temporary employees. The two plans are:
- General Employees' Retirement Pension Plan Division A - eligible full-time, non-sworn employees hired prior to October 1, 1981, (no social security component) and is currently closed to new enrollees.
- General Employees' Retirement Pension Plan Division B - eligible full-time, non-sworn employees hired on or after October 1, 1981, (has a social security component) and is open to new enrollees.
The General Employees' Retirement Fund combines the benefits of Division A and Division B. The plan is administered by a seven-member Board of Trustees. Three of the members are appointed by the Mayor, three of the members are to be employees participating in the fund and elected by members of the fund, and the remaining member is the City of Tampa, Chief Financial Officer. The laws of Florida authorize the fund.