FL S1160

Prohibits retirees of state-administered retirement systems who retire on or after July 1, 2011, from receiving both salary and retirement benefits simultaneously; requires 6-month employment termination period before reemployment.

Retirees reemployed within 6 calendar months after retirement must void their retirement, repay all benefits received, and reapply to establish a future retirement date.

Retirees reemployed after the 6-month period must notify their employer and the Division of Retirement in writing; retirement benefits are suspended during reemployment and any benefits paid must be repaid.

Suspends retirement benefits for retirees who perform services for a participating state-administered retirement system employer through a non-participating contractor or entity, effective immediately upon retirement and continuing throughout retirement.

Creates separate reemployment rules for retirees retiring before July 1, 2010 (12-month limitation) and between July 1, 2010 and July 1, 2011 (7-12 month limitation), with less restrictive conditions than those retiring after July 1, 2011.