<prompt> Human: Hello, I recently started a full-time position with the state government in Florida, and I need to decide between the two retirement options by the end of the month, or i get defaulted into the pension plan. Both plans require an employee contribution of 3 and I have a one-time switch opportunity to change from one plan to the other. Info about me: Im 27, single, renter, with substantial student loans 90k. I plan to work in government or nonprofit for most if not all of my career, partly for the student loan forgiveness program and partly for my own interests. I also plan to stay in Florida for most if not all of my career, partly to be near family and partly because I find Florida to be an interesting place w respect to policy. Info about pension plan: the Florida Retirement System FRS is one of the more well funded public pension programs in the country. My employer contributes 7.92. After 8 years I qualify for benefits payable after 33 years, though Im fully vested for my own contributions after year 1, and can receive a full refund if I leave the FRS system early. Benefits are determined by a formula that factors in age, years of service, and the average of my highest 8 fiscal year salaries. The pension plan also has a Deferred Retirement Option DROP that allows me to retire at normal age while still working for an FRS-participating employer for up to 60 months. During this period, my monthly retirement benefits accumulate in the FRS trust fund earning interest while I continue to earn a full salary. At the end of DROP, I receive two benefits: lifetime monthly pension benefits and a lump sum of the benefits interest earned during DROP. Info about investment plan: My employer contributes 3.3. All contributions are vested after year 1, regardless of age or service years. The benefit is determined by ending account balance, which is the sum of the initial account balance which would be zero for a new employee like me, monthly employer and employee contributions, and investment earnings, less all account expenses. The investment plan is not eligible for the DROP program. Im leaning toward the pension plan, if only because I plan on being in state government for a while anyway. However, Im worried about locking myself in, given the more volatile job environment we live in today. Further, according to FRS statistics, fewer than 20 of new hires and 50 of employees w 10 years service actually stay in FRS employment for their entire career. So, I thought Id seek input from you all! If you want more details, you can access them here:  <response>: Id do a 401k.You never know when a great opportunity elsewhere will arise, or when Florida will have a budget problem and decide to renegotiate pension payouts. 