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CS/CS/HB 525 - State Retirement

General Bill   by Appropriations Committee and Government Operations Subcommittee and Workman (CO-SPONSORS) Artiles; Caldwell; Corcoran; Steube
State Retirement: Revises definitions of terms "normal retirement date" & "vested" or "vesting"; clarifies provisions related to prohibition of hardship loans or payments; clarifies that retiree who is reemployed in regularly established position after certain date may not be enrolled as renewed member; authorizes certain distributions to member who is terminated from employment for 1 calendar month if member has reached normal retirement date; provides rulemaking authority to DMS; provides that benefit for purposes of optional retirement program for SUS includes certain distribution; clarifies when voluntary contributions may be paid out; requires new employees to, by default, be enrolled in investment plan; authorizes new employees to elect to participate in pension plan or investment plan within specified time; revises provisions related to disability retirement benefit calculation, early retirement benefit calculation, benefit commencement age & years of service, & disability retirement benefit calculation to conform to changes made by act; provides rulemaking authority to boards of trustees for colleges; provides for contribution rate adjustments to fund benefit changes provided in act; directs Division of Statutory Revision to adjust contribution rates set forth in s. 121.71, F.S.; provides declaration of important state interest.
Effective Date: July 1, 2012
Last Event: Died in State Affairs Committee; companion bill(s) passed, see CS/HB 7079 (Ch. 2012-222) on Friday, March 09, 2012 11:59 PM

Referred Committees and Committee Actions

House Referrals

    -  Government Operations Subcommittee
           On agenda for: 01/31/12 9:00 AM              Notice
        Favorable With Committee Substitute (final action)              See Votes
 
    -  Appropriations Committee
           On agenda for: 02/15/12 8:00 AM              Notice
        Favorable With Committee Substitute (final action)              See Votes
 
    -  State Affairs Committee
           On agenda for: 02/24/12 8:00 AM              Notice
        Temporarily Deferred (final action)  
 

Related Bills
Bill # Subject Relationship
CS/HB 7079 State Retirement Compare
SB 1280 Florida Retirement System Compare
SB 1334 Florida Retirement System Compare
SB 1570 Justices and Judges Compare
CS/CS/SB 2024 State Retirement Compare

Bill Text
Committee Substitute 2  
A 924855 , Taylor (SAC) Date Filed: 02/23/12, Line#: 339
Committee Substitute 1  Laid on the Table
D 798293 , Workman (APC) Date Filed: 02/14/12, Line#: 0 House(c): Adopted Without Objection 2/15/2012 7:09:10 PM
Original Filed Version  
D 210657 , Workman (GVOPS) Date Filed: 01/30/12, Line#: 0

Staff Analysis

Vote History
(no votes recorded)

Bill History
Event Time Member Committee
Died in State Affairs Committee; companion bill(s) passed, see CS/HB 7079 (Ch. 2012-222) Friday, March 09, 2012 11:59 PM State Affairs Committee
Added to State Affairs Committee agenda Thursday, February 23, 2012 4:15 PM State Affairs Committee
1st Reading Monday, February 20, 2012 5:19 PM
Now in State Affairs Committee Monday, February 20, 2012 10:32 AM State Affairs Committee
Referred to State Affairs Committee Monday, February 20, 2012 10:32 AM State Affairs Committee
CS Filed Friday, February 17, 2012 7:31 AM
Laid on Table under Rule 7.19(a) Friday, February 17, 2012 7:31 AM
Reported out of Appropriations Committee Thursday, February 16, 2012 6:42 PM Appropriations Committee
Favorable with CS by Appropriations Committee Wednesday, February 15, 2012 11:30 AM Appropriations Committee
Added to Appropriations Committee agenda Monday, February 13, 2012 4:20 PM Appropriations Committee
Now in Appropriations Committee Monday, February 06, 2012 2:23 PM Appropriations Committee
Referred to State Affairs Committee Monday, February 06, 2012 2:23 PM State Affairs Committee
Referred to Appropriations Committee Monday, February 06, 2012 2:23 PM Appropriations Committee
1st Reading Friday, February 03, 2012 7:42 PM
CS Filed Friday, February 03, 2012 12:16 PM
Laid on Table under Rule 7.19(a) Friday, February 03, 2012 12:16 PM
Reported out of Government Operations Subcommittee Friday, February 03, 2012 12:08 PM Government Operations Subcommittee
Favorable with CS by Government Operations Subcommittee Tuesday, January 31, 2012 11:30 AM Government Operations Subcommittee
Added to Government Operations Subcommittee agenda Friday, January 27, 2012 4:04 PM Government Operations Subcommittee
1st Reading Tuesday, January 10, 2012 11:59 PM
Now in Government Operations Subcommittee Friday, November 04, 2011 2:40 PM Government Operations Subcommittee
Referred to State Affairs Committee Friday, November 04, 2011 2:40 PM State Affairs Committee
Referred to Appropriations Committee Friday, November 04, 2011 2:40 PM Appropriations Committee
Referred to Government Operations Subcommittee Friday, November 04, 2011 2:40 PM Government Operations Subcommittee
Filed Monday, October 31, 2011 3:45 PM Workman

Statutes Referenced by this Bill
121.021
121.055
121.091
121.35
121.4501
121.591
1012.875
121.71
 

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