CS/CS/HB 525 (2012) -  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 9, 2012 11:59 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

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

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: State Affairs Committee 2/23/2012 4:53:53 PM
Chamber: House Committee: Appropriations Committee 2/16/2012 6:45:17 PM --UnPublished--
Chamber: House Committee: Appropriations Committee 2/16/2012 3:34:44 PM
Chamber: House Committee: Appropriations Committee 2/14/2012 7:57:30 PM
Chamber: House Committee: Government Operations Subcommittee 2/3/2012 12:07:34 PM
Chamber: House Committee: Government Operations Subcommittee 1/30/2012 9:20:20 AM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in State Affairs Committee; companion bill(s) passed, see CS/HB 7079 (Ch. 2012-222) Time: 03/09/2012 - 11:59 PM Member: Committee: State Affairs Committee Version: c2
Event: H Added to State Affairs Committee agenda Time: 02/23/2012 - 4:15 PM Member: Committee: State Affairs Committee Version: c2
Event: H 1st Reading Time: 02/20/2012 - 5:19 PM Member: Committee: Version: c2
Event: H Now in State Affairs Committee Time: 02/20/2012 - 10:32 AM Member: Committee: State Affairs Committee Version: c2
Event: H Referred to State Affairs Committee Time: 02/20/2012 - 10:32 AM Member: Committee: State Affairs Committee Version: c2
Event: H CS Filed Time: 02/17/2012 - 7:31 AM Member: Committee: Version: c2
Event: H Laid on Table under Rule 7.19(a) Time: 02/17/2012 - 7:31 AM Member: Committee: Version: c1
Event: H Reported out of Appropriations Committee Time: 02/16/2012 - 6:42 PM Member: Committee: Appropriations Committee Version: c1
Event: H Favorable with CS by Appropriations Committee Time: 02/15/2012 - 11:30 AM Member: Committee: Appropriations Committee Version: c1
Event: H Added to Appropriations Committee agenda Time: 02/13/2012 - 4:20 PM Member: Committee: Appropriations Committee Version: c1
Event: H Now in Appropriations Committee Time: 02/06/2012 - 2:23 PM Member: Committee: Appropriations Committee Version: c1
Event: H Referred to State Affairs Committee Time: 02/06/2012 - 2:23 PM Member: Committee: State Affairs Committee Version: c1
Event: H Referred to Appropriations Committee Time: 02/06/2012 - 2:23 PM Member: Committee: Appropriations Committee Version: c1
Event: H 1st Reading Time: 02/03/2012 - 7:42 PM Member: Committee: Version: c1
Event: H CS Filed Time: 02/03/2012 - 12:16 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.19(a) Time: 02/03/2012 - 12:16 PM Member: Committee: Version: __
Event: H Reported out of Government Operations Subcommittee Time: 02/03/2012 - 12:08 PM Member: Committee: Government Operations Subcommittee Version: __
Event: H Favorable with CS by Government Operations Subcommittee Time: 01/31/2012 - 11:30 AM Member: Committee: Government Operations Subcommittee Version: __
Event: H Added to Government Operations Subcommittee agenda Time: 01/27/2012 - 4:04 PM Member: Committee: Government Operations Subcommittee Version: __
Event: H 1st Reading Time: 01/10/2012 - 11:59 PM Member: Committee: Version: __
Event: H Now in Government Operations Subcommittee Time: 11/04/2011 - 2:40 PM Member: Committee: Government Operations Subcommittee Version: __
Event: H Referred to State Affairs Committee Time: 11/04/2011 - 2:40 PM Member: Committee: State Affairs Committee Version: __
Event: H Referred to Appropriations Committee Time: 11/04/2011 - 2:40 PM Member: Committee: Appropriations Committee Version: __
Event: H Referred to Government Operations Subcommittee Time: 11/04/2011 - 2:40 PM Member: Committee: Government Operations Subcommittee Version: __
Event: H Filed Time: 10/31/2011 - 3:45 PM Member: Workman Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
121.021 SB 424, SB 896, CS/CS/HB 971*, CS/CS/CS/CS/HB 1261*, SB 1280, HB 1309, SB 1334, SB 1570, SB 1780, SB 1986, CS/CS/SB 2024, CS/CS/SB 2084*, HB 7007*, CS/HB 7079*
121.055 CS/CS/CS/CS/HB 1261*, HB 1309, SB 1780, SB 2006, CS/CS/SB 2024, CS/CS/SB 2084*, HB 5005*, CS/HB 7079*
121.091 SB 542, CS/CS/HB 971*, SB 1280, HB 1309, SB 1334, SB 1570, SB 1780, CS/CS/SB 2024, CS/HB 7079*
121.35 CS/SB 198, CS/CS/HB 495, CS/CS/CS/CS/HB 1261*, HB 1309, SB 1780, SB 2006, CS/CS/SB 2024, CS/CS/SB 2084*, HB 5005*, CS/HB 7079*
121.4501 SB 896, SB 1280, HB 1309, SB 1334, SB 1780, CS/CS/SB 2024, HB 7007*, CS/HB 7079*
121.591 CS/CS/HB 971*, HB 1309, SB 1570, SB 1780, CS/CS/SB 2024, CS/HB 7079*
121.71 HB 1309, SB 1570, SB 1780, SB 2006, HB 5005*
1012.875 HB 1309, SB 1780, SB 2006, CS/CS/SB 2024, HB 5005*, CS/HB 7079*

(*) Not the latest version