Retirement

Summary

The bill changes Florida’s retirement statutes so that an elected officer—except a legislator—can remain in elective office and collect accumulated Deferred Retirement Option Program (DROP) funds after turning 59½. It also sets rules for how DROP proceeds are paid, when they can be recouped, and revises contribution rates and benefit allocations for other retirees. The changes affect elected officers, special‑risk retirees, and the state retirement system’s funding.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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