Vote Smart's Synopsis:

Vote to adopt a conference report that passes a bill that establishes provisions regarding pension plans and Florida's retirement system, effective July 1, 2018.

Highlights:

• Establishes a comprehensive package of health insurance and retirement benefits and a personnel system for state employees (Secs. 1-7)

• Requires a reduction in pension benefits for judges beginning on July 1, 2017 (Sec. 15).

• Authorizes certain employees enrolled in the Florida Retirement System on or before July 1, 2018 to retain their pension and/or investment plans (Sec. 1).

• Establishes new eligibility criteria for surviving children of an individual killed in the line of duty (Sec. 8).

• Reduces the accrual rate for elected officials and other state employees (Sec. 8).

• Establishes provisions regarding the renewal of membership in the Florida Retirement System for certain retirees who become reemployed by the state (Sec. 7).

• Authorizes any renewed member who is not receiving the maximum health insurance subsidy to earn additional credit towards the maximum health insurance subsidy (Sec. 7).

• Amends the eligibility criteria for the senior management service program (Sec. 8).

Full Bill Text