Transferring Years of Creditable Service

Summary

The bill would require the Department of Management Services to set up a process for employees in the Florida Retirement System to voluntarily transfer creditable service years to another employee in the same retirement classification. Transfers could only occur after the donor has worked at least one year, would be irrevocable, and the receiving employee would assume any resulting actuarial liability. Employees who transfer cannot later claim that service or re‑enroll in the system.

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