FL H7107

Allows retirees from the Florida Retirement System to renew membership if reemployed on or after July 1, 2016, in positions with covered employers, with restrictions on creditable service and contributions during the July 2010-June 2016 period.

Establishes line-of-duty death benefits for surviving spouses and children of investment plan members killed in the line of duty, with monthly survivor retirement benefits payable from a dedicated survivor benefit account.

Modifies pension and investment plan enrollment procedures for new employees hired on or after July 1, 2017, requiring automatic enrollment in the pension plan with an 8-month election window to choose between pension or investment plan.

Creates new allocation requirements for employer contributions to fund line-of-duty death benefits for investment plan members across various membership classes (ranging from 0.04% to 0.46% of gross compensation).

Increases employer contribution rates for all Florida Retirement System membership classes effective July 1, 2016, to fund the new benefits and changes authorized by the act.