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FL H0971
Bill
Status
Introduced
12/20/2023
Primary Sponsor
Spencer Roach
Click for details
AI Summary
- District school boards may reemploy Florida Retirement System retirees as substitute teachers, hourly teachers, or education paraprofessionals as nonemployees just 1 calendar month after retirement or DROP termination, bypassing the standard 6-month waiting period
- Reemployed retirees in these school district positions may simultaneously receive both employer compensation and retirement benefits but may not accrue additional retirement service credit or renew Florida Retirement System membership during such employment
- Retirees who wish to later enroll as renewed FRS members in a regularly established position must first cease all employment relationships with participating employers, including substitute teaching, for 6 calendar months
- The State Board of Administration and Department of Management Services must request a determination letter and private letter ruling from the IRS to confirm the changes do not disqualify the Florida Retirement System's tax-qualified status; if the IRS determines any provision would cause disqualification, that provision does not apply
- The act takes effect January 1, 2025, except for the IRS determination requirement, which takes effect upon becoming law
Legislative Description
Employment After Retirement of School District Personnel
Last Action
Withdrawn prior to introduction
1/3/2024
Full Bill Text
No bill text available