Senate Bill sb0378

CODING: Words stricken are deletions; words underlined are additions.
    Florida Senate - 2001                                   SB 378

    By Senator Carlton





    24-397-01                                            See HB 15

  1                      A bill to be entitled

  2         An act relating to benefits for district school

  3         instructional personnel; amending s. 121.021,

  4         F.S.; providing for a separate normal

  5         retirement date for personnel employed by

  6         district school boards under the Florida

  7         Retirement System; providing an effective date.

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  9  Be It Enacted by the Legislature of the State of Florida:

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11         Section 1.  Subsection (29) of section 121.021, Florida

12  Statutes, as amended by section 4 of chapter 2000-169, Laws of

13  Florida, is amended to read:

14         121.021  Definitions.--The following words and phrases

15  as used in this chapter have the respective meanings set forth

16  unless a different meaning is plainly required by the context:

17         (29)  "Normal retirement date" means the first day of

18  any month following the date a member attains one of the

19  following statuses:

20         (a)1.  If a Regular Class member, the member:

21         a.1.  Completes 6 or more years of creditable service

22  and attains age 62; or

23         b.2.  Completes 30 years of creditable service,

24  regardless of age, which may include a maximum of 4 years of

25  military service credit as long as such credit is not claimed

26  under any other system.

27         2.  If a Regular Class member, and the member is

28  employed by a district school board, the member completes 25

29  years of creditable service regardless of age, which may

30  include a maximum of 4 years of military service credit as

31  long as such credit is not claimed under any other system.

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CODING: Words stricken are deletions; words underlined are additions.






    Florida Senate - 2001                                   SB 378
    24-397-01                                            See HB 15




  1         (b)  If a Special Risk Class member, the member:

  2         1.  Completes 6 or more years of creditable service in

  3  the Special Risk Class and attains age 55;

  4         2.  Completes 25 years of creditable service in the

  5  Special Risk Class, regardless of age; or

  6         3.  Completes 25 years of creditable service and

  7  attains age 52, which service may include a maximum of 4 years

  8  of military service credit as long as such credit is not

  9  claimed under any other system and the remaining years are in

10  the Special Risk Class.

11         (c)  If a Senior Management Service Class member, the

12  member:

13         1.  Completes 6 years of creditable service in the

14  Senior Management Service Class and attains age 62; or

15         2.  Completes 30 years of any creditable service,

16  regardless of age, which may include a maximum of 4 years of

17  military service credit as long as such credit is not claimed

18  under any other system.

19         (d)  If an Elected Officers' Class member, the member:

20         1.  Completes 6 years of creditable service in the

21  Elected Officers' Class and attains age 62; or

22         2.  Completes 30 years of any creditable service,

23  regardless of age, which may include a maximum of 4 years of

24  military service credit as long as such credit is not claimed

25  under any other system.

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27  "Normal retirement age" is attained on the "normal retirement

28  date."

29         Section 2.  This act shall take effect July 1, 2001.

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    Florida Senate - 2001                                   SB 378
    24-397-01                                            See HB 15




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  2                       LEGISLATIVE SUMMARY

  3
      Revises the definition of the term "normal retirement
  4    date" for the purposes of the Florida Retirement System
      to provide that a regular member of the system who is an
  5    employee of a district school board reaches normal
      retirement date after completing 25 years of creditable
  6    service regardless of age.

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CODING: Words stricken are deletions; words underlined are additions.