FL S0290

Reduces retirement credit for Elected Officers' Class members effective July 1, 2011, from 3-3.33% to 2% of average final compensation per year of creditable service.

Eliminates separate retirement credit rates for judges (3 1/3 percent) and other elected officers (3 percent), establishing a uniform 2% rate for all elected officials.

Modifies employer retirement contribution percentages effective July 1, 2011, for Elected Officers' Class members, with specific percentages for legislators, judges, and local elected officers to be determined (indicated as "....%" in the bill).

Maintains existing contribution rates of 9.00% for Regular Class, 20.00% for Special Risk Class, 11.35% for Special Risk Administrative Support Class, and 10.95% for Senior Management Service Class.

Takes effect July 1, 2011.