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Fla. State Sen. Rodrigues: Senate Passes Legislation to Modernize, Safeguard the Fla. Retirement System

Apr 09, 2021 - Targeted News Service

The Florida State Senate issued the following news release on behalf of Florida State Sen. Ray Rodrigues, R-Estero:

The Florida Senate today passed Senate Bill 84, Retirement, by Senator Ray Rodrigues (R-Estero). The legislation modernizes the Florida Retirement System (FRS) by closing the pension plan (defined benefit) to new enrollees, except for members of the Special Risk Class, and requiring participation in the investment plan (defined contribution), effective July 1, 2022. The bill ...