Bill Summary

by Government Accountability Committee, Caldwell

Florida Retirement System: Provides for compulsory membership in the investment plan for certain employees in the Elected Officers' Class; prohibits cetain members of the Elected Officers' Class from joining Senior Management Service Class; authorizes renewed membership in retirement system for certain retirees who are reemployed in position eligible for Elected Officers' Class; provides for renewed membership in retirement system for certain retirees of Senior Management Service Optional Annuity Program; requires that certain retirees reemployed on or after specified date to be renewed members in investment plan; revises criteria for eligibility of payment of death benefits to surviving children of a Special Risk Class member killed in line of duty under specified circumstances; prohibits participation in pension plan; provides that certain retirees eligible for State University System Optional Retirement Program or State Community College System Optional Retirement Program are renewed members of that program; authorizes payment of death benefits to surviving spouse or surviving children of member in investment plan; adjusts employer contribution rates. Effective Date: July 1, 2017

   H Appropriations Committee