SB 7022: Retirement
GENERAL BILL by Governmental Oversight and Accountability
Retirement; Authorizing an officer, except while serving as a legislator, to remain in elective office and receive accumulated DROP proceeds after the officer attains a certain age; providing that, upon termination, the officer receives accumulated DROP proceeds including interest earned in accordance with a specified provision; requiring the Division of Retirement or the State Board of Administration, as appropriate, to take steps to recoup from the elected officer any DROP proceeds distributed in accordance with a specified provision, under specified circumstances; revising required employer retirement contribution rates for each membership class and subclass of the Florida Retirement System, etc.
Bill History
| Date | Chamber | Action |
|---|---|---|
| 3/13/2025 | Senate |
• Submitted for consideration by Governmental Oversight and Accountability • On Committee agenda-- Governmental Oversight and Accountability, 03/18/25, 3:30 pm, 110 Senate Building |
| 3/18/2025 | Senate |
• Submitted as Committee Bill and Reported Favorably by Governmental Oversight and Accountability; YEAS 8 NAYS 0 |
| 3/19/2025 | Senate |
• Filed |