HB 0885

1
A bill to be entitled
2An act relating to the Florida Retirement System; amending
3s. 121.021, F.S.; revising definition of the term "phased
4retirement program"; amending s. 121.091, F.S.; revising
5certain limitations on positions for which district school
6boards, community colleges, state universities, and the
7Florida School for the Deaf and the Blind may reemploy a
8member of the Florida Retirement System after a specified
9period of retirement; extending participation in the
10Deferred Retirement Option Program to K-20 employees
11receiving administrative authorization; revising the
12election period in the Deferred Retirement Option Program
13for K-20 employees; providing effective dates.
14
15Be It Enacted by the Legislature of the State of Florida:
16
17     Section 1.  Subsection (43) of section 121.021, Florida
18Statutes, is amended to read:
19     121.021  Definitions.--The following words and phrases as
20used in this chapter have the respective meanings set forth
21unless a different meaning is plainly required by the context:
22     (43)  "Phased retirement program" means a program
23contracted by the governing board of a university or community
24college participating under this chapter in which a retiree may
25be reemployed in a faculty position provided:
26     (a)  The member retired and met the definition of
27termination under this section; and
28     (b)  The retired member is reemployed for not more than 780
29hours during the first 12 months of his or her retirement; and
30     (b)(c)  The retired member is reemployed with the
31university or community college from which he or she retired.
32
33Renewed membership for a retiree participating in a phased
34retirement program shall be determined in accordance with s.
35121.053 or s. 121.122.
36     Section 2.  Paragraph (b) of subsection (9) and paragraphs
37(a) and (b) of subsection (13) of section 121.091, Florida
38Statutes, are amended to read:
39     121.091  Benefits payable under the system.--Benefits may
40not be paid under this section unless the member has terminated
41employment as provided in s. 121.021(39)(a) or begun
42participation in the Deferred Retirement Option Program as
43provided in subsection (13), and a proper application has been
44filed in the manner prescribed by the department. The department
45may cancel an application for retirement benefits when the
46member or beneficiary fails to timely provide the information
47and documents required by this chapter and the department's
48rules. The department shall adopt rules establishing procedures
49for application for retirement benefits and for the cancellation
50of such application when the required information or documents
51are not received.
52     (9)  EMPLOYMENT AFTER RETIREMENT; LIMITATION.--
53     (b)1.  Any person who is retired under this chapter, except
54under the disability retirement provisions of subsection (4),
55may be reemployed by any private or public employer after
56retirement and receive retirement benefits and compensation from
57his or her employer without any limitations, except that a
58person may not receive both a salary from reemployment with any
59agency participating in the Florida Retirement System and
60retirement benefits under this chapter for a period of 12 months
61immediately subsequent to the date of retirement. However, a
62DROP participant shall continue employment and receive a salary
63during the period of participation in the Deferred Retirement
64Option Program, as provided in subsection (13).
65     2.  Any person to whom the limitation in subparagraph 1.
66applies who violates such reemployment limitation and who is
67reemployed with any agency participating in the Florida
68Retirement System before completion of the 12-month limitation
69period shall give timely notice of this fact in writing to the
70employer and to the division and shall have his or her
71retirement benefits suspended for the balance of the 12-month
72limitation period. Any person employed in violation of this
73paragraph and any employing agency which knowingly employs or
74appoints such person without notifying the Division of
75Retirement to suspend retirement benefits shall be jointly and
76severally liable for reimbursement to the retirement trust fund
77of any benefits paid during the reemployment limitation period.
78To avoid liability, such employing agency shall have a written
79statement from the retiree that he or she is not retired from a
80state-administered retirement system. Any retirement benefits
81received while reemployed during this reemployment limitation
82period shall be repaid to the retirement trust fund, and
83retirement benefits shall remain suspended until such repayment
84has been made. Benefits suspended beyond the reemployment
85limitation shall apply toward repayment of benefits received in
86violation of the reemployment limitation.
87     3.  A district school board may reemploy a retired member
88as a substitute or hourly teacher, education paraprofessional,
89transportation assistant, bus driver, or food service worker on
90an annual contractual basis or on a noncontractual basis after
91he or she has been retired for 1 calendar month, in accordance
92with s. 121.021(39). A district school board may reemploy a
93retired member as instructional personnel, as defined in s.
941012.01(2)(a), on an annual contractual basis after he or she
95has been retired for 1 calendar month, in accordance with s.
96121.021(39). Any other retired member who is reemployed within 1
97calendar month after retirement shall void his or her
98application for retirement benefits. District school boards
99reemploying such retired members teachers, education
100paraprofessionals, transportation assistants, bus drivers, or
101food service workers are subject to the retirement contribution
102required by subparagraph 7.
103     4.  A community college board of trustees may reemploy a
104retired member as an adjunct instructor on an annual contractual
105basis, on a that is, an instructor who is noncontractual basis
106and part-time, or as a participant in a phased retirement
107program within the Florida Community College System, after he or
108she has been retired for 1 calendar month, in accordance with s.
109121.021(39). Any retired member who is reemployed within 1
110calendar month after retirement shall void his or her
111application for retirement benefits. Boards of trustees
112reemploying such instructors are subject to the retirement
113contribution required in subparagraph 7. A retired member may be
114reemployed as an adjunct instructor for no more than 780 hours
115during the first 12 months of retirement. Any retired member
116reemployed for more than 780 hours during the first 12 months of
117retirement shall give timely notice in writing to the employer
118and to the division of the date he or she will exceed the
119limitation. The division shall suspend his or her retirement
120benefits for the remainder of the first 12 months of retirement.
121Any person employed in violation of this subparagraph and any
122employing agency which knowingly employs or appoints such person
123without notifying the Division of Retirement to suspend
124retirement benefits shall be jointly and severally liable for
125reimbursement to the retirement trust fund of any benefits paid
126during the reemployment limitation period. To avoid liability,
127such employing agency shall have a written statement from the
128retiree that he or she is not retired from a state-administered
129retirement system. Any retirement benefits received by a retired
130member while reemployed in excess of 780 hours during the first
13112 months of retirement shall be repaid to the Retirement System
132Trust Fund, and retirement benefits shall remain suspended until
133repayment is made. Benefits suspended beyond the end of the
134retired member's first 12 months of retirement shall apply
135toward repayment of benefits received in violation of the 780-
136hour reemployment limitation.
137     5.  The State University System may reemploy a retired
138member as a an adjunct faculty member on an annual contractual
139basis, on a noncontractual basis, or as a participant in a
140phased retirement program within the State University System
141after the retired member has been retired for 1 calendar month,
142in accordance with s. 121.021(39). Any retired member who is
143reemployed within 1 calendar month after retirement shall void
144his or her application for retirement benefits. The State
145University System is subject to the retired contribution
146required in subparagraph 7., as appropriate. A retired member
147may be reemployed as an adjunct faculty member or a participant
148in a phased retirement program for no more than 780 hours during
149the first 12 months of his or her retirement. Any retired member
150reemployed for more than 780 hours during the first 12 months of
151retirement shall give timely notice in writing to the employer
152and to the division of the date he or she will exceed the
153limitation. The division shall suspend his or her retirement
154benefits for the remainder of the first 12 months of retirement.
155Any person employed in violation of this subparagraph and any
156employing agency which knowingly employs or appoints such person
157without notifying the Division of Retirement to suspend
158retirement benefits shall be jointly and severally liable for
159reimbursement to the retirement trust fund of any benefits paid
160during the reemployment limitation period. To avoid liability,
161such employing agency shall have a written statement from the
162retiree that he or she is not retired from a state-administered
163retirement system. Any retirement benefits received by a retired
164member while reemployed in excess of 780 hours during the first
16512 months of retirement shall be repaid to the Retirement System
166Trust Fund, and retirement benefits shall remain suspended until
167repayment is made. Benefits suspended beyond the end of the
168retired member's first 12 months of retirement shall apply
169toward repayment of benefits received in violation of the 780-
170hour reemployment limitation.
171     6.  The Board of Trustees of the Florida School for the
172Deaf and the Blind may reemploy a retired member as a substitute
173teacher, substitute residential instructor, or substitute nurse
174on a noncontractual basis after he or she has been retired for 1
175calendar month, in accordance with s. 121.021(39). The Board of
176Trustees of the Florida School for the Deaf and the Blind may
177reemploy a retired member as instructional personnel, as defined
178in s. 1012.01(2), on an annual contractual basis after he or she
179has been retired for 1 calendar month, in accordance with s.
180121.021(39). Any retired member who is reemployed within 1
181calendar month after retirement shall void his or her
182application for retirement benefits. The Board of Trustees of
183the Florida School for the Deaf and the Blind reemploying such
184teachers, residential instructors, or nurses, or instructional
185personnel is subject to the retirement contribution required by
186subparagraph 7. Reemployment of a retired member as a substitute
187teacher, substitute residential instructor, or substitute nurse
188is limited to 780 hours during the first 12 months of his or her
189retirement. Any retired member reemployed for more than 780
190hours during the first 12 months of retirement shall give timely
191notice in writing to the employer and to the division of the
192date he or she will exceed the limitation. The division shall
193suspend his or her retirement benefits for the remainder of the
194first 12 months of retirement. Any person employed in violation
195of this subparagraph and any employing agency which knowingly
196employs or appoints such person without notifying the Division
197of Retirement to suspend retirement benefits shall be jointly
198and severally liable for reimbursement to the retirement trust
199fund of any benefits paid during the reemployment limitation
200period. To avoid liability, such employing agency shall have a
201written statement from the retiree that he or she is not retired
202from a state-administered retirement system. Any retirement
203benefits received by a retired member while reemployed in excess
204of 780 hours during the first 12 months of retirement shall be
205repaid to the Retirement System Trust Fund, and his or her
206retirement benefits shall remain suspended until payment is
207made. Benefits suspended beyond the end of the retired member's
208first 12 months of retirement shall apply toward repayment of
209benefits received in violation of the 780-hour reemployment
210limitation.
211     7.  The employment by an employer of any retiree or DROP
212participant of any state-administered retirement system shall
213have no effect on the average final compensation or years of
214creditable service of the retiree or DROP participant. Prior to
215July 1, 1991, upon employment of any person, other than an
216elected officer as provided in s. 121.053, who has been retired
217under any state-administered retirement program, the employer
218shall pay retirement contributions in an amount equal to the
219unfunded actuarial liability portion of the employer
220contribution which would be required for regular members of the
221Florida Retirement System. Effective July 1, 1991, contributions
222shall be made as provided in s. 121.122 for retirees with
223renewed membership or subsection (13) with respect to DROP
224participants.
225     8.  Any person who has previously retired and who is
226holding an elective public office or an appointment to an
227elective public office eligible for the Elected Officers' Class
228on or after July 1, 1990, shall be enrolled in the Florida
229Retirement System as provided in s. 121.053(1)(b) or, if holding
230an elective public office that does not qualify for the Elected
231Officers' Class on or after July 1, 1991, shall be enrolled in
232the Florida Retirement System as provided in s. 121.122, and
233shall continue to receive retirement benefits as well as
234compensation for the elected officer's service for as long as he
235or she remains in elective office. However, any retired member
236who served in an elective office prior to July 1, 1990,
237suspended his or her retirement benefit, and had his or her
238Florida Retirement System membership reinstated shall, upon
239retirement from such office, have his or her retirement benefit
240recalculated to include the additional service and compensation
241earned.
242     9.  Any person who is holding an elective public office
243which is covered by the Florida Retirement System and who is
244concurrently employed in nonelected covered employment may elect
245to retire while continuing employment in the elective public
246office, provided that he or she shall be required to terminate
247his or her nonelected covered employment. Any person who
248exercises this election shall receive his or her retirement
249benefits in addition to the compensation of the elective office
250without regard to the time limitations otherwise provided in
251this subsection. No person who seeks to exercise the provisions
252of this subparagraph, as the same existed prior to May 3, 1984,
253shall be deemed to be retired under those provisions, unless
254such person is eligible to retire under the provisions of this
255subparagraph, as amended by chapter 84-11, Laws of Florida.
256     10.  The limitations of this paragraph apply to
257reemployment in any capacity with an "employer" as defined in s.
258121.021(10), irrespective of the category of funds from which
259the person is compensated.
260     11.  An employing agency may reemploy a retired member as a
261firefighter or paramedic after the retired member has been
262retired for 1 calendar month, in accordance with s. 121.021(39).
263Any retired member who is reemployed within 1 calendar month
264after retirement shall void his or her application for
265retirement benefits. The employing agency reemploying such
266firefighter or paramedic is subject to the retired contribution
267required in subparagraph 8. Reemployment of a retired
268firefighter or paramedic is limited to no more than 780 hours
269during the first 12 months of his or her retirement. Any retired
270member reemployed for more than 780 hours during the first 12
271months of retirement shall give timely notice in writing to the
272employer and to the division of the date he or she will exceed
273the limitation. The division shall suspend his or her retirement
274benefits for the remainder of the first 12 months of retirement.
275Any person employed in violation of this subparagraph and any
276employing agency which knowingly employs or appoints such person
277without notifying the Division of Retirement to suspend
278retirement benefits shall be jointly and severally liable for
279reimbursement to the Retirement System Trust Fund of any
280benefits paid during the reemployment limitation period. To
281avoid liability, such employing agency shall have a written
282statement from the retiree that he or she is not retired from a
283state-administered retirement system. Any retirement benefits
284received by a retired member while reemployed in excess of 780
285hours during the first 12 months of retirement shall be repaid
286to the Retirement System Trust Fund, and retirement benefits
287shall remain suspended until repayment is made. Benefits
288suspended beyond the end of the retired member's first 12 months
289of retirement shall apply toward repayment of benefits received
290in violation of the 780-hour reemployment limitation.
291     (13)  DEFERRED RETIREMENT OPTION PROGRAM.--In general, and
292subject to the provisions of this section, the Deferred
293Retirement Option Program, hereinafter referred to as the DROP,
294is a program under which an eligible member of the Florida
295Retirement System may elect to participate, deferring receipt of
296retirement benefits while continuing employment with his or her
297Florida Retirement System employer. The deferred monthly
298benefits shall accrue in the System Trust Fund on behalf of the
299participant, plus interest compounded monthly, for the specified
300period of the DROP participation, as provided in paragraph (c).
301Upon termination of employment, the participant shall receive
302the total DROP benefits and begin to receive the previously
303determined normal retirement benefits. Participation in the DROP
304does not guarantee employment for the specified period of DROP.
305Participation in the DROP by an eligible member beyond the
306initial 60-month period as authorized in this subsection shall
307be on an annual contractual basis for all participants.
308     (a)  Eligibility of member to participate in the DROP.--All
309active Florida Retirement System members in a regularly
310established position, and all active members of either the
311Teachers' Retirement System established in chapter 238 or the
312State and County Officers' and Employees' Retirement System
313established in chapter 122 which systems are consolidated within
314the Florida Retirement System under s. 121.011, are eligible to
315elect participation in the DROP provided that:
316     1.  The member is not a renewed member of the Florida
317Retirement System under s. 121.122, or a member of the State
318Community College System Optional Retirement Program under s.
319121.051, the Senior Management Service Optional Annuity Program
320under s. 121.055, or the optional retirement program for the
321State University System under s. 121.35.
322     2.  Except as provided in subparagraph 6., election to
323participate is made within 12 months immediately following the
324date on which the member first reaches normal retirement date,
325or, for a member who reaches normal retirement date based on
326service before he or she reaches age 62, or age 55 for Special
327Risk Class members, election to participate may be deferred to
328the 12 months immediately following the date the member attains
32957, or age 52 for Special Risk Class members. For a member who
330first reached normal retirement date or the deferred eligibility
331date described above prior to the effective date of this
332section, election to participate shall be made within 12 months
333after the effective date of this section. A member who fails to
334make an election within such 12-month limitation period shall
335forfeit all rights to participate in the DROP. The member shall
336advise his or her employer and the division in writing of the
337date on which the DROP shall begin. Such beginning date may be
338subsequent to the 12-month election period, but must be within
339the 60-month or, with respect to members who are K-20 employees
340of a public school district, a charter school, instructional
341personnel employed by the Florida School for the Deaf and the
342Blind, a community college, or a state university and who have
343received authorization from the appropriate administrative body
344by the Board of Trustees of the Florida School for the Deaf and
345the Blind to participate in the DROP beyond 60 months, or who
346are instructional personnel as defined in s. 1012.01(2)(a)-(d)
347in grades K-12 and who have received authorization by the
348district school superintendent to participate in the DROP beyond
34960 months, the 96-month limitation period as provided in
350subparagraph (b)1. When establishing eligibility of the member
351to participate in the DROP for the 60-month or, with respect to
352members who are K-20 employees of a public school district, a
353charter school, instructional personnel employed by the Florida
354School for the Deaf and the Blind, a community college, or a
355state university and who have received authorization from the
356appropriate administrative body by the Board of Trustees of the
357Florida School for the Deaf and the Blind to participate in the
358DROP beyond 60 months, or who are instructional personnel as
359defined in s. 1012.01(2)(a)-(d) in grades K-12 and who have
360received authorization by the district school superintendent to
361participate in the DROP beyond 60 months, the 96-month maximum
362participation period, the member may elect to include or exclude
363any optional service credit purchased by the member from the
364total service used to establish the normal retirement date. A
365member with dual normal retirement dates shall be eligible to
366elect to participate in DROP within 12 months after attaining
367normal retirement date in either class.
368     3.  The employer of a member electing to participate in the
369DROP, or employers if dually employed, shall acknowledge in
370writing to the division the date the member's participation in
371the DROP begins and the date the member's employment and DROP
372participation will terminate.
373     4.  Simultaneous employment of a participant by additional
374Florida Retirement System employers subsequent to the
375commencement of participation in the DROP shall be permissible
376provided such employers acknowledge in writing a DROP
377termination date no later than the participant's existing
378termination date or the 60-month limitation period as provided
379in subparagraph (b)1.
380     5.  A DROP participant may change employers while
381participating in the DROP, subject to the following:
382     a.  A change of employment must take place without a break
383in service so that the member receives salary for each month of
384continuous DROP participation. If a member receives no salary
385during a month, DROP participation shall cease unless the
386employer verifies a continuation of the employment relationship
387for such participant pursuant to s. 121.021(39)(b).
388     b.  Such participant and new employer shall notify the
389division on forms required by the division as to the identity of
390the new employer.
391     c.  The new employer shall acknowledge, in writing, the
392participant's DROP termination date, which may be extended but
393not beyond the original 60-month or, with respect to members who
394are K-20 employees of a public school district, a charter
395school, instructional personnel employed by the Florida School
396for the Deaf and the Blind, a community college, or a state
397university and who have received authorization from the
398appropriate administrative body by the Board of Trustees of the
399Florida School for the Deaf and the Blind to participate in the
400DROP beyond 60 months, or who are instructional personnel as
401defined in s. 1012.01(2)(a)-(d) in grades K-12 and who have
402received authorization by the district school superintendent to
403participate in the DROP beyond 60 months, the 96-month period
404provided in subparagraph (b)1., shall acknowledge liability for
405any additional retirement contributions and interest required if
406the participant fails to timely terminate employment, and shall
407be subject to the adjustment required in sub-subparagraph
408(c)5.d.
409     6.  Effective July 1, 2001, for instructional personnel as
410defined in s. 1012.01(2), election to participate in the DROP
411shall be made at any time following the date on which the member
412first reaches normal retirement date. Effective July 1, 2004,
413any eligible K-20 employee of a public school district, a
414charter school, the Florida School for the Deaf and the Blind, a
415community college, or a state university may elect to
416participate in the DROP at any time following the date on which
417the member first reaches normal retirement date. The member
418shall advise his or her employer and the division in writing of
419the date on which the Deferred Retirement Option Program shall
420begin. When establishing eligibility of the member to
421participate in the DROP for the 60-month or, with respect to
422members who are K-20 employees of a public school district, a
423charter school, instructional personnel employed by the Florida
424School for the Deaf and the Blind, a community college, or a
425state university and who have received authorization from the
426appropriate administrative body by the Board of Trustees of the
427Florida School for the Deaf and the Blind to participate in the
428DROP beyond 60 months, or who are instructional personnel as
429defined in s. 1012.01(2)(a)-(d) in grades K-12 and who have
430received authorization by the district school superintendent to
431participate in the DROP beyond 60 months, the 96-month maximum
432participation period, as provided in subparagraph (b)1., the
433member may elect to include or exclude any optional service
434credit purchased by the member from the total service used to
435establish the normal retirement date. A member with dual normal
436retirement dates shall be eligible to elect to participate in
437either class.
438     (b)  Participation in the DROP.--
439     1.  An eligible member may elect to participate in the DROP
440for a period not to exceed a maximum of 60 calendar months or,
441with respect to members who are K-20 employees of a public
442school district, a charter school, instructional personnel
443employed by the Florida School for the Deaf and the Blind, a
444community college, or a state university and who have received
445authorization from the appropriate administrative body by the
446Board of Trustees of the Florida School for the Deaf and the
447Blind to participate in the DROP beyond 60 months, or who are
448instructional personnel as defined in s. 1012.01(2)(a)-(d) in
449grades K-12 and who have received authorization by the district
450school superintendent to participate in the DROP beyond 60
451calendar months, 96 calendar months immediately following the
452date on which the member first reaches his or her normal
453retirement date or the date to which he or she is eligible to
454defer his or her election to participate as provided in
455subparagraph (a)2. However, a member who has reached normal
456retirement date prior to the effective date of the DROP shall be
457eligible to participate in the DROP for a period of time not to
458exceed 60 calendar months or, with respect to members who are K-
45920 employees of a public school district, a charter school,
460instructional personnel employed by the Florida School for the
461Deaf and the Blind, a community college, or a state university
462and who have received authorization from the appropriate
463administrative body by the Board of Trustees of the Florida
464School for the Deaf and the Blind to participate in the DROP
465beyond 60 months, or who are instructional personnel as defined
466in s. 1012.01(2)(a)-(d) in grades K-12 and who have received
467authorization by the district school superintendent to
468participate in the DROP beyond 60 calendar months, 96 calendar
469months immediately following the effective date of the DROP,
470except a member of the Special Risk Class who has reached normal
471retirement date prior to the effective date of the DROP and
472whose total accrued value exceeds 75 percent of average final
473compensation as of his or her effective date of retirement shall
474be eligible to participate in the DROP for no more than 36
475calendar months immediately following the effective date of the
476DROP.
477     2.  Upon deciding to participate in the DROP, the member
478shall submit, on forms required by the division:
479     a.  A written election to participate in the DROP;
480     b.  Selection of the DROP participation and termination
481dates, which satisfy the limitations stated in paragraph (a) and
482subparagraph 1. Such termination date shall be in a binding
483letter of resignation with the employer, establishing a deferred
484termination date. The member may change the termination date
485within the limitations of subparagraph 1., but only with the
486written approval of his or her employer;
487     c.  A properly completed DROP application for service
488retirement as provided in this section; and
489     d.  Any other information required by the division.
490     3.  The DROP participant shall be a retiree under the
491Florida Retirement System for all purposes, except for paragraph
492(5)(f) and subsection (9) and ss. 112.3173, 112.363, 121.053,
493and 121.122. However, participation in the DROP does not alter
494the participant's employment status and such employee shall not
495be deemed retired from employment until his or her deferred
496resignation is effective and termination occurs as provided in
497s. 121.021(39).
498     4.  Elected officers shall be eligible to participate in
499the DROP subject to the following:
500     a.  An elected officer who reaches normal retirement date
501during a term of office may defer the election to participate in
502the DROP until the next succeeding term in that office. Such
503elected officer who exercises this option may participate in the
504DROP for up to 60 calendar months or a period of no longer than
505such succeeding term of office, whichever is less.
506     b.  An elected or a nonelected participant may run for a
507term of office while participating in DROP and, if elected,
508extend the DROP termination date accordingly, except, however,
509if such additional term of office exceeds the 60-month
510limitation established in subparagraph 1., and the officer does
511not resign from office within such 60-month limitation, the
512retirement and the participant's DROP shall be null and void as
513provided in sub-subparagraph (c)5.d.
514     c.  An elected officer who is dually employed and elects to
515participate in DROP shall be required to satisfy the definition
516of termination within the 60-month or, with respect to members
517who are K-20 employees of a public school district, a charter
518school, instructional personnel employed by the Florida School
519for the Deaf and the Blind, a community college, or a state
520university and who have received authorization from the
521appropriate administrative body by the Board of Trustees of the
522Florida School for the Deaf and the Blind to participate in the
523DROP beyond 60 months, or who are instructional personnel as
524defined in s. 1012.01(2)(a)-(d) in grades K-12 and who have
525received authorization by the district school superintendent to
526participate in the DROP beyond 60 months, the 96-month
527limitation period as provided in subparagraph 1. for the
528nonelected position and may continue employment as an elected
529officer as provided in s. 121.053. The elected officer will be
530enrolled as a renewed member in the Elected Officers' Class or
531the Regular Class, as provided in ss. 121.053 and 121.22, on the
532first day of the month after termination of employment in the
533nonelected position and termination of DROP. Distribution of the
534DROP benefits shall be made as provided in paragraph (c).
535     Section 3.  This act shall take effect July 1, 2004, except
536that changes effected by this act to the Deferred Retirement
537Option Program shall take effect June 1, 2004.


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