summary
Introduced
10/11/2023
10/11/2023
In Committee
02/08/2024
02/08/2024
Crossed Over
03/08/2024
03/08/2024
Passed
04/15/2024
04/15/2024
Dead
Signed/Enacted/Adopted
04/16/2024
04/16/2024
Introduced Session
2024 Regular Session
Bill Summary
An act relating to the Florida Retirement System; amending s. 121.091, F.S.; authorizing certain retirees to be reemployed after terminating employment; prohibiting such retirees from receiving both a salary from the employer and retirement benefits for a specified period after his or her retirement; removing provisions authorizing the reemployment of certain law enforcement officers as school resource officers; amending s. 121.1001, F.S.; prohibiting new participation in a specified plan beginning on a specified date; amending s. 121.71, F.S.; revising employer contribution rates to the Florida Retirement System; amending s. 121.591, F.S.; conforming a cross-reference; providing a declaration of important state interest; providing an effective date.
AI Summary
This bill makes several changes to the Florida Retirement System (FRS):
1. It authorizes certain retirees to be reemployed after terminating employment, but prohibits them from receiving both a salary and retirement benefits for a specified period after retirement. The bill removes provisions allowing the reemployment of certain law enforcement officers as school resource officers.
2. It prohibits new participation in the FRS Preservation of Benefits Plan, a separate portion of FRS that provides benefits to retirees whose benefits would otherwise be limited by federal law, starting July 1, 2026.
3. It revises the employer contribution rates to the FRS, increasing the rates for some membership classes.
4. It makes a technical change to conform a cross-reference in the FRS Investment Plan.
The bill also includes a declaration that it fulfills an important state interest by providing fair and adequate benefits to public employees and retirees in an actuarially sound manner, as required by the state constitution.
Committee Categories
Budget and Finance, Justice
Sponsors (41)
Demi Busatta Cabrera (R)*,
Jessica Baker (R),
Doug Bankson (R),
Fabián Basabe (R),
Kim Berfield (R),
Chuck Brannan (R),
Mike Caruso (R),
Joe Casello (D),
Hillary Cassel (R),
Lindsay Cross (D),
Dan Daley (D),
Tae Edmonds (D),
Anna Eskamani (D),
Tiffany Esposito (R),
Gallop Franklin (D),
Alina García (R),
Mike Giallombardo (R),
Peggy Gossett-Seidman (R),
Mike Gottlieb (D),
Dianne Hart-Lowman (D),
Yvonne Hinson (D),
Jeff Holcomb (R),
Christine Hunschofsky (D),
Berny Jacques (R),
Dotie Joseph (D),
Chip LaMarca (R),
Thomas Leek (R),
Johanna López (D),
Kiyan Michael (R),
Jim Mooney (R),
Rachel Plakon (R),
Rick Roth (R),
Michelle Salzman (R),
David Silvers (D),
Kelly Skidmore (D),
Paula Stark (R),
Allison Tant (D),
Dana Trabulsy (R),
Susan L. Valdés (R),
Katherine Waldron (D),
Marie Woodson (D),
Other Sponsors (1)
Appropriations Committee (House)
Last Action
Chapter No. 2024-92; companion bill(s) passed, see HB 5001 (Ch. 2024-231) (on 04/16/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
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