A floating manhole cover system to be installed on a manhole shaft and a road base. The system comprising a precast ring having an inner diameter sized to align with the inner diameter of the manhole shaft; an outer diameter being larger than the outer diameter of the manhole shaft; a top surface to engage with the road top finish (asphalt or concrete); a bottom surface to engage with the road base through cast in place concrete and to allow the precast-ring to move with a heave action of the road base and road. The system further having a manhole cover receiving means casted in to receive a manhole cover, and a leveling means casted in to engage with the manhole shaft to level said precast-ring with the road.