Florida Retirement System (Watch) 

Florida Retirement System (Watch) 

SB 722 (Garcia) and HB 665 (Clemons) specify the minimum amount of the factor used to calculate the cost-of-living adjustment of benefits for a retiree or a beneficiary of the Florida Retirement System retiring on or after July 1, 2011, with service credit earned before July 1, 2011. The bills state the factor calculated may not be a product of less than two. (Hughes)