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FLORIDA RETIREMENT SYSTEM PENSION PLAN(佛罗里达退休养老金计划)
FLORIDA RETIREMENT SYSTEM PENSION PLAN
SUMMARY PLAN DESCRIPTION
as of July 1, 2012
FLORIDA RETIREMENT SYSTEM PENSION PLAN
SUMMARY PLAN DESCRIPTION
The following summary is a brief description of the Florida Retirement System Pension Plan as of July 1, 2012. Questions of
interpretation shall be determined from Part I of Chapter 121, Florida Statutes, and Chapter 60S of the Florida Administrative Code.
Creation
The Florida Retirement System was created December 1, 1970, with consolidation of the Teachers’
Retirement System, the State and County Officers and Employees’ Retirement System, and the Highway
Patrol Pension Fund. In 1972, the Judicial Retirement System was consolidated with the Florida
Retirement System. In 2007, the Institute of Food and Agricultural Sciences Supplemental Retirement
Program was consolidated under the Regular Class of the Florida Retirement System as a closed group.
The system was created to provide a program offering retirement, disability, and survivor benefits for
participating public employees. Social Security coverage is also required for all members.
Membership
Membership in the Florida Retirement System is required for all full-time and part-time employees
working in regularly established positions for state agencies, county governments, district school
boards, state universities, and state community colleges; or cities, independent special districts,
metropolitan planning districts, and public charter schools that make an irrevocable election to
participate. Certain members, including elected officials and local government senior managers, may
elect to not participate in the system. Members of the Elected Officers’ Class may elect to participate in
the Senior Management Service Class in lieu of the Elected Officers’ Class or to withdraw from the
Florida Retirement System altogether. The fo
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