FL S1692

Allows retirees who retired before July 1, 2010, and are reemployed on or after January 1, 2015, to renew membership in the Florida Retirement System's investment plan, State University System Optional Retirement Program, or State Community College System Optional Retirement Program.

Prohibits creditable service accrual and employer/employee contributions to renewed members' accounts for employment between July 1, 2010, and December 31, 2014, and bars purchase of past service credit during this period.

Requires renewed members to satisfy vesting requirements, prohibits disability benefits, and restricts reemployment after retirement; however, allows renewed members to earn additional health insurance subsidy credit.

Excludes retirees who returned to covered employment before July 1, 2010, from mandatory renewed membership, allowing them to continue membership in their selected retirement plan.

Effective July 1, 2014, with renewed membership provisions applying to reemployment on or after January 1, 2015.