Florida S1410 amends optional retirement programs for certain Florida community college employees.
Florida S1410 amends the Florida Retirement System to modify the optional retirement program for certain employees of public community colleges. The bill specifies that eligible employees can transfer their accumulated benefit obligation to the optional retirement program. It mandates employer contributions to match the Florida Retirement System Investment Plan rates and outlines the process for transferring contributions. The decision to participate in the optional retirement program is irrevocable, and service credit is retained.
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