SPB 7022: Employer Contributions to Fund Retiree Benefits

Summary

Employer Contributions to Fund Retiree Benefits; Authorizing an officer, except while serving as a legislator, to remain in elective office and receive accumulated DROP proceeds after the officer attains a certain age; requiring the Division of Retirement or the State Board of Administration, as appropriate, to take steps to recoup from the elected officer any DROP proceeds distributed in accordance with a specified provision, under specified circumstances; revising required employer retirement contribution rates for each membership class and subclass of the Florida Retirement System, etc.

Latest recorded action

Submitted as Committee Bill and Reported Favorably by Governmental Oversight and Accountability; YEAS 8 NAYS 0

Mar 18, 2025

This is the latest action supplied by the source, not the full legislative history.

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