Florida Drop Program Changes 2024. Senate bill 1482 would eliminate the requirement for retired teachers and other school personnel who have taken part in the deferred retirement option program. The following retirement bills were filed for consideration in the 2023 regular session of the florida.
The annual drop interest rate will increase from 1.3% to 4% effective june 30, 2023. As of july 1, 2023, there are changes to the florida retirement system (frs) benefits for pinellas county employees due to new state laws.
See More Drop Information Here.
Begin and end dates for eight year participation periods in drop.
Published December 29, 2023 At 5:36 Am Cst.
The health insurance subsidy will increase to $7.50 per year of service.
Senate Bill 1482 Would Eliminate The Requirement For Retired Teachers And Other School Personnel Who Have Taken Part In The Deferred Retirement Option Program.
You may participate in the deferred retirement option program (drop) once you have reached normal retirement age or date.
Images References :
You May Participate In The Deferred Retirement Option Program (Drop) Once You Have Reached Normal Retirement Age Or Date.
The member must be a drop participant on or after july 1, 2022, and.
Improve Retiree Health Insurance Subsidies;
Increase the drop interest rate from 1.3 percent to 4 percent on drop accumulations held on or after july 1, 2023.
Here Are Snapshots Of 10 Big Issues From The Session:
Senate bill 896 and house bill 905 aim to eliminate the time constraint connected to drop eligibility, while granting school personnel, such as teachers, school.
