Transferring Years of Creditable Service

Plain English Breakdown

The bill text specifies several requirements for transferring years of creditable service, but some details like liability and prohibitions on claiming past or prior service are included that were not mentioned in the candidate explanation.

Transferring Years of Creditable Service

This bill requires the Department of Management Services to create rules allowing employees in the Florida Retirement System to transfer years of creditable service to other employees.

What This Bill Does

• Creates a new section, 121.082, in the Florida Statutes.
• Requires the Department of Management Services to make rules for transferring years of creditable service between employees in the Florida Retirement System.
• Specifies that an employee must be eligible to transfer years after one year of employment with an employer.
• States that participation is voluntary and both employees involved must belong to the same retirement classification.
• Requires that transferred years are removed from the transferring employee's record.
• Makes the transfer of years irrevocable.

Who It Names or Affects

• Employees in the Florida Retirement System who want to transfer years of creditable service.
• The Department of Management Services, which will create rules for this process.

Terms To Know

creditable service

Years of employment that count towards retirement benefits in the Florida Retirement System.

Department of Management Services

The agency responsible for creating rules and managing processes related to state employees, including those in the Florida Retirement System.

Limits and Unknowns

• It is unclear how many employees will choose to use this new process.
• The bill does not specify what happens if an employee wants to reverse a transfer after it has been made.

Official Summary Text

Transferring Years of Creditable Service; Requiring the Department of Management Services adopt rules to establish a process for employees in the Florida Retirement System to transfer years of creditable service to another employee in the system, etc.

Current Bill Text

Florida Senate
-
2026

SB 1528

By
Senator Pizzo

37-01681-26 20261528__
1 A bill to be entitled
2 An act relating to transferring years of creditable
3 service; creating s. 121.082, F.S.; requiring the
4 Department of Management Services adopt rules to
5 establish a process for employees in the Florida
6 Retirement System to transfer years of creditable
7 service to another employee in the system; specifying
8 requirements for such process; providing an effective
9 date.
10
11 Be It Enacted by the Legislature of the State of Florida:
12
13 Section 1. Section 121.082, Florida Statutes, is created to
14 read:
15
121.082
Transferability of prior service
.—

16
(1)

The department shall adopt rules to establish a process

17
for an employee to transfer years of creditable service to

18
another employee.

19
(2)

At a minimum, such rules must provide for all of the

20
following:

21
(a)

That an employee is eligible to transfer years of

22
creditable service after 1 year of employment with an employer.

23
(b)

That participation is voluntary.

24
(c)

That the employee transferring years of service is a

25
member of the same retirement classification as the receiving

26
employee.

27
(d)

That years of service transferred to another employee

28
are removed from the employee contributing the years of service.

29
(e)

That the transfer of years of service is irrevocable.

30
(f)

That the receiving employee is liable for any unfunded

31
actuarial liability that results from an increase in his or her

32
creditable years of service.

33
(g)

That employees who transfer service are prohibited from

34
claiming past service or prior service under s. 121.081.

35
(h)

That employees who transfer service may not reenroll in

36
the Florida Retirement System.

37 Section 2. This act shall take effect July 1, 2026.