This bill amends section 121.091 of the Florida Statutes to modify the eligibility criteria for the Deferred Retirement Option Program (DROP) for certain school employees. Specifically, it removes the time limitation for DROP participation for instructional personnel, administrative personnel, and educational support employees, allowing them to extend their participation beyond the previous maximum of 96 calendar months. The bill also clarifies the definitions of eligible personnel by referencing specific sections of the Florida Statutes, ensuring that a broader range of school employees can benefit from this program.

Additionally, the bill includes a declaration of important state interest, emphasizing the need for fair and adequate retirement benefits for state employees and their beneficiaries. The effective date for this act is set for July 1, 2025. Overall, the changes aim to provide greater flexibility and support for school employees considering retirement options through DROP.

Statutes affected:
S 478 Filed: 121.091