FL H1333

Amends the Firefighters' Relief and Pension Fund of Pensacola to ensure compliance with Internal Revenue Code Section 401(a) and 414(d) requirements for tax-qualified governmental pension plans.

Adds optional retirement benefit forms including joint and survivor annuities, period certain options, and alternate beneficiary designations; allows limited changes to joint pensioners (up to two times).

Establishes early retirement eligibility at age 50 with 10 continuous years of service (with 3% annual reduction for each year below age 55); provides minimum disability benefits of 25% of average monthly salary for non-line-of-duty disability and 42% for line-of-duty disability.

Implements cost-of-living adjustments with different maximum caps based on hire date: 3% annually for pre-effective date retirees, 2% for those hired before effective date who retire after, and 1.25% for those hired on or after the effective date.

Adds provisions for required minimum distributions, rollover distributions to IRAs, military service credit purchases, plan termination procedures, and forfeiture rules; establishes maximum pension limits under IRC Section 415.