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FL S1482
Bill
AI Summary
- Expands Deferred Retirement Option Program (DROP) extension eligibility beyond the initial 96-month period to include administrative personnel and educational support employees (as defined in s. 1012.01(3) and (6)) in grades K-12, in addition to instructional personnel who were already eligible
- Removes the previous 24-calendar-month cap on DROP extensions beyond the 96-month period for eligible school employees, as well as the June 30, 2029 expiration date that applied to extended participation for instructional personnel
- Eliminates the requirement that DROP extension termination dates must align with the last day of the last calendar month of the school year, simplifying the extension process
- Includes a declaration of important state interest, affirming the Legislature's obligation under Article X, Section 14 of the Florida Constitution to provide fair, adequate, and actuarially sound retirement benefits to state employees and their beneficiaries
- Effective date is July 1, 2024
Legislative Description
Deferred Retirement Option Program Eligibility for School Employees and Personnel
Last Action
Died in Governmental Oversight and Accountability
3/8/2024
Full Bill Text
No bill text available