FL S0184

Employees initially enrolled on or after July 1, 2014, in the Elected Officers' Class or Senior Management Service Class become compulsory members of the Florida Retirement System Investment Plan, with limited exceptions for those eligible to withdraw or participate in optional retirement programs.

Elected officers are prohibited from electing membership in the Senior Management Service Class on or after July 1, 2014, and retirees initially reemployed on or after July 1, 2010, cannot enroll in the Senior Management Service Optional Annuity Program.

The Senior Management Service Optional Annuity Program is closed to new members effective July 1, 2014; existing members enrolled by June 30, 2014, may retain their membership.

Employees initially enrolled on or after July 1, 2014, in the Elected Officers' or Senior Management Service classes are not eligible to use the one-time election opportunity to transfer between the pension plan and investment plan.

Effective date is July 1, 2014.