Bill

Bill > S7024


FL S7024

FL S7024
Retirement


summary

Introduced
03/16/2023
In Committee
04/03/2023
Crossed Over
05/05/2023
Passed
05/05/2023
Dead
Signed/Enacted/Adopted
06/06/2023

Introduced Session

2023 Regular Session

Bill Summary

Providing that eligible retirees of the Florida Retirement System Pension Plan shall receive a certain monthly retiree health insurance subsidy payment beginning on a specified date; specifying that the member's spouse at the time of the member's death is the member's beneficiary; decreasing the age and years of service needed to reach the normal retirement date for certain members; revising the employer contribution rates for the retiree health insurance subsidy; providing that certain elected officers are ineligible to extend participation in the Deferred Retirement, etc.

AI Summary

This bill: Provides that eligible retirees of the Florida Retirement System Pension Plan and the Investment Plan shall receive a monthly retiree health insurance subsidy payment beginning July 1, 2023, with the amount based on the member's years of creditable service. It also specifies that the member's spouse at the time of death is the beneficiary, decreases the age and years of service needed to reach normal retirement for certain Special Risk Class members, and revises the employer contribution rates for the retiree health insurance subsidy. Additionally, the bill provides that certain elected officers are ineligible to extend participation in the Deferred Retirement Option Program beyond the initial 60-month period.

Sponsors (0)

No sponsors listed

Other Sponsors (2)

Appropriations (Senate), Governmental Oversight and Accountability (Senate)

Last Action

Chapter No. 2023-193, companion bill(s) passed, see SB 2500 (Ch. 2023-239) (on 06/06/2023)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...