FL S1870

Municipalities, metropolitan planning organizations, and special districts established on or after July 1, 2021, must participate in the Florida Retirement System rather than having optional participation.

Beneficiaries who do not qualify as joint annuitants receive retirement benefits based on the member's selected option or the standard optional form of payment, rather than only a return of personal contributions.

Retirees whose retirement becomes effective on or after July 1, 2021, may hold an elective public office covered by the Florida Retirement System and receive both retirement benefits and office compensation without time limitations.

Employees who elected between June 1, 2002, and June 30, 2011, to move from the pension plan to the investment plan receive a one-time 90-day period beginning July 1, 2021, to transfer back to the pension plan.

Pension plan employees may make voluntary contributions beyond the required retirement contribution rate to purchase additional service credit effective July 1, 2021.