Bill > S1246

This bill makes several changes to the Florida Retirement System (FRS): 1. It allows retirees who are reemployed in positions eligible for the Elected Officers' Class to renew their membership in FRS under certain circumstances. 2. It provides for renewed membership in FRS for retirees of the Senior Management Service Optional Annuity Program who are reemployed on or after July 1, 2017. 3. It revises the criteria for eligibility of death benefits to the surviving children of a Special Risk Class member killed in the line of duty, extending the benefits until the child's 25th birthday if the child is unmarried and enrolled as a full-time student. 4. It requires certain retirees who are reemployed on or after July 1, 2017 to be renewed members in the investment plan, with provisions on contributions, eligibility, and limitations. The bill also makes a number of technical and conforming changes to FRS statutes. Overall, the bill aims to provide more flexibility and options for FRS retirees who return to work while also protecting survivor benefits for certain members.

Government Affairs

http://www.flsenate.gov/Session/Bill/2017/1246