Alongside your monthly pension, the St. Cloud plan maintains a share account in your name — a supplemental benefit most FRS members have no equivalent of, and one with an unusual property: nobody can tell you in advance how much will be added to it in any future year.
Where the money comes from
Florida places an excise tax on property and casualty insurance premiums written in each city, and Chapters 175 and 185 direct that money to local police and fire pension funds. St. Cloud's plan allocates a portion of those receipts to individual member share accounts using a formula set by the Board of Trustees, based on your years of credited service. Your account is also credited with the fund's proportionate investment income (or loss) each year.
Two things follow from that design:
- Allocations depend on state premium-tax receipts and board decisions. In a given year the share plan may or may not be funded at all — the SPD says exactly that.
- Your balance is real money. Across the plan's participants, share balances totaled about $2.49 million as of October 1, 2025.
What this tool does with it
Because future allocations are a function of insurance-market receipts and a board formula — not of anything you enter — this tool never projects them. If you enter your current share balance, the projection grows that balance at your assumed investment return and stops there. No future allocations are added, ever. Treat the projected figure as a floor built from what's already yours, not an estimate of what the account will receive.
Your current balance appears on your annual member statement; the plan's Board of Trustees can also provide it.
Keeping the account
The share account follows the plan's vesting: leave before 10 years of credited service and it is forfeited. Taking a refund of your member contributions also forfeits the share account — the SPD pairs the two, so a refund decision is bigger than the contribution balance alone.