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CS/HB 565 — Retirement

by Government Operations Subcommittee and Rep. Beshears (CS/SB 1054 by Governmental Oversight and Accountability Committee and Senator Evers)

This summary is provided for information only and does not represent the opinion of any Senator, Senate Officer, or Senate Office.

Prepared by: Governmental Oversight and Accountability Committee (GO)

The bill allows local agency employers participating in the Florida Retirement System to reassess positions previously designated as Senior Management Service Class (SMSC) positions. The number of positions a local agency employer may designate as SMSC is limited, and the SMSC designation provides a higher annual service accrual rate than Regular Class positions. The bill provides a 6-month window to allow a local agency employer time to reassess its designation of positions previously designated as SMSC, and to request removal from the class of any such positions that it deems appropriate. After the initial period in 2015, the bill provides that the window for reclassification opens once every five years.

If approved by the Governor, these provisions take effect July 1, 2015.

Vote: Senate 39-0; House 117-0