summary
Introduced
11/09/2023
11/09/2023
In Committee
11/28/2023
11/28/2023
Crossed Over
Passed
Dead
03/08/2024
03/08/2024
Introduced Session
2024 Regular Session
Bill Summary
An act relating to reemployment of retirees in the Florida Retirement System; amending s. 121.091, F.S.; allowing a retiree to be reemployed by an employer participating in the Florida Retirement System and to receive compensation from that employer and retirement benefits after meeting the definition of termination; establishing contributions rates necessary to fund a new retirement benefit; directing the Division of Law Revision to adjust accordingly the contribution rates otherwise in effect; providing a declaration of important state interest; providing an effective date.
AI Summary
This bill amends a section of the Florida Retirement System (FRS) law to allow retirees to be reemployed by an employer participating in the FRS and receive both compensation and retirement benefits after meeting the definition of "termination" as of July 1, 2024. The bill also increases the required employer contribution rates to the FRS to fund these changes. Additionally, the bill includes a declaration that the legislation serves an important state interest in providing fair and adequate retirement benefits that are managed and funded actuarially sound.
Committee Categories
Budget and Finance, Health and Social Services
Sponsors (3)
Other Sponsors (1)
Governmental Oversight and Accountability (Senate)
Last Action
Died in Appropriations (on 03/08/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2024/400 |
| Analysis - Community Affairs (Post-Meeting) | https://www.flsenate.gov/Session/Bill/2024/400/Analyses/2024s00400.ca.PDF |
| Analysis - Community Affairs (Pre-Meeting) | https://www.flsenate.gov/Session/Bill/2024/400/Analyses/2024s00400.pre.ca.PDF |
| BillText | https://www.flsenate.gov/Session/Bill/2024/400/BillText/c1/HTML |
| Analysis - Governmental Oversight and Accountability (Post-Meeti | https://www.flsenate.gov/Session/Bill/2024/400/Analyses/2024s00400.go.PDF |
| https://www.flsenate.gov/Session/Bill/2024/400/Amendment/798610/HTML | |
| Analysis - Governmental Oversight and Accountability (Pre-Meetin | https://www.flsenate.gov/Session/Bill/2024/400/Analyses/2024s00400.pre.go.PDF |
| BillText | https://www.flsenate.gov/Session/Bill/2024/400/BillText/Filed/HTML |
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