An encoder system includes a disc coupled to a hub, the disc including a sensible member. The encoder system also includes a sensor operable to cooperate with the sensible member to sense an operating parameter of the disc, and a base assembly movable relative to the hub. A portion of the sensor is coupled for co-movement with the base assembly and movable between a first position in which the portion of the sensor is a first axial distance from the disc and a second position in which the portion of the sensor is a second axial distance from the disc, the second axial distance falling within a desired operating range.