FL S1692

Eliminates separate retirement age requirements for Florida Retirement System members based on enrollment date, reverting to unified standards: age 62 or 30 years of service for Regular Class members; age 55 or 25 years of service for Special Risk Class members.

Removes the higher retirement age thresholds (age 65 for Regular Class, age 60 for Special Risk) and increased service requirements (33 and 30 years respectively) that applied to members enrolled on or after July 1, 2011.

Conforms early retirement benefit calculations and Deferred Retirement Option Program provisions to the revised normal retirement date definitions.

Updates investment plan benefit commencement age calculations to match the revised retirement age standards for members transferring from the pension plan.

Takes effect July 1, 2018.