Thursday, May 23, 2013

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CS/CS/HB 7011 - Florida Retirement System

General Bill   by State Affairs Committee and Appropriations Committee and Government Operations Subcommittee and Brodeur (CO-SPONSORS) Precourt
Florida Retirement System: Limits ability of members of optional retirement program to transfer to FRS; provides for compulsory membership in FRS Investment Plan for employees initially enrolled after specified date; provides for compulsory membership in investment plan for certain employees; prohibits certain membership in Senior Management Service Class or Senior Management Service Optional Annuity Program; provides that certain participants in optional retirement program for State University System have choice between optional retirement program & FRS Investment Plan; requires SBA to develop investment products to be offered in investment plan; requires SBA to provide self-directed brokerage account as investment option; requires state board to contract with provider to provide self-directed brokerage account investment option; provides self-directed brokerage account requirements; deletes obligation of system employers to communicate existence of both retirement plans; provides additional death benefit to specified members of the Special Risk Class; limits disability benefits to eligible members; adjusts required employer contribution rates for unfunded actuarial liability of FRS for select classes; provides that act fulfills important state interest; requires SBA & DMS to request determination letter from IRS.
Effective Date: July 1, 2013
Last Event: 05/03/13 S Died on Calendar on Friday, May 03, 2013 7:16 PM
Recommending committee actions by:
   Government Operations Subcommittee
  On agenda for: 02/07/13   9:00 AM Notice
     Favorable (final action) See Votes

Referred Committees and Committee Actions

House Referrals

    -  Appropriations Committee
           On agenda for: 03/08/13 10:00 AM              Notice
        Favorable With Committee Substitute (final action)              See Votes
 
    -  State Affairs Committee
           On agenda for: 03/14/13 9:00 AM              Notice
        Favorable With Committee Substitute (final action)              See Votes
 

Related Bills
Bill # Subject Relationship
CS/CS/SB 1392 Retirement Compare

Bill Text
Committee Substitute 2  
D 750668 , Simpson Date Filed: 04/29/13, Line#: 0 Senate: Pending 4/30/2013 3:28:20 PM
SD 268786 , Simpson Date Filed: 04/29/13, Line#: 0 Senate: Failed 4/30/2013 3:19:47 PM
A 773000 , Simpson Date Filed: 04/29/13, Line#: 0 Senate: Withdrawn 4/29/2013 6:14:08 PM
SD 677732 , Simpson Date Filed: 04/29/13, Line#: 0 Senate: Withdrawn 4/29/2013 6:14:11 PM
A 805139 , Fasano Date Filed: 03/21/13, Line#: 395 House: Withdrawn 3/22/2013 11:19:55 AM
SA 299145 , Gaetz Date Filed: 03/22/13, Line#: 395 House: Withdrawn 3/22/2013 1:24:28 PM
A 417309 , Fasano Date Filed: 03/20/13, Line#: 1358 House: Withdrawn 3/21/2013 9:27:29 AM
Committee Substitute 1  Laid on the Table
A 103773 , Brodeur, Steube (SAC) Date Filed: 03/14/13, Line#: 800 House(c): Adopted 3/14/2013 4:22:28 PM
A 210427 , Brodeur (SAC) Date Filed: 03/14/13, Line#: 1558 House(c): Adopted 3/14/2013 4:22:28 PM
Original Filed Version  
A 756889 , Brodeur (APC) Date Filed: 03/07/13, Line#: 1489 House(c): Adopted 3/11/2013 4:07:03 PM
PCB Text

Staff Analysis

Vote History
Chamber Date Yeas Nays Actions   Vote Detail Barcode
House 03/22/2013 01:04 PM   115 0 Quorum Vote [Seq# 22]
House 03/22/2013 01:21 PM   74 42 Passage Vote [Seq# 23]
Senate 04/30/2013 03:19 PM   18 22 Amendment Vote [Seq# 36]

Bill History
Event Time Member Committee
05/03/13 S Died on Calendar Friday, May 03, 2013 7:16 PM
04/30/13 S Temporarily postponed on 2nd reading; On Unfinished Business Tuesday, April 30, 2013 4:33 PM
04/30/13 S Amendment(s) pending (750668) -SJ 809 Tuesday, April 30, 2013 3:20 PM
04/30/13 S Read 2nd time -SJ 808 Tuesday, April 30, 2013 1:40 PM
04/30/13 S Substituted for CS/CS/SB 1392 -SJ 808 Tuesday, April 30, 2013 1:40 PM
04/30/13 S Placed on Calendar, on 2nd reading -SJ 808 Tuesday, April 30, 2013 1:40 PM
04/30/13 S Withdrawn from Governmental Oversight and Accountability; Community Affairs; Appropriations -SJ 808 Tuesday, April 30, 2013 1:40 PM
04/03/13 S Referred to Governmental Oversight and Accountability; Community Affairs; Appropriations -SJ 291 Wednesday, April 03, 2013 9:40 AM
04/03/13 S Received -SJ 291 Wednesday, April 03, 2013 9:39 AM
04/02/13 S In Messages Tuesday, April 02, 2013 6:46 PM
Message sent to senate Tuesday, April 02, 2013 6:42 PM
Amendment 299145 withdrawn Friday, March 22, 2013 1:24 PM
CS passed; YEAS 74, NAYS 42 Friday, March 22, 2013 1:21 PM
Passage on third reading Friday, March 22, 2013 1:21 PM
Amendment 805139 withdrawn Friday, March 22, 2013 11:19 AM
Amendment 299145 withdrawn Friday, March 22, 2013 11:12 AM
Read 3rd time Friday, March 22, 2013 11:05 AM
Amendment 299145 filed Friday, March 22, 2013 8:31 AM
Amendment 805139 filed Thursday, March 21, 2013 5:57 PM
Added to Third Reading Calendar Thursday, March 21, 2013 5:39 PM
Placed on 3rd reading Thursday, March 21, 2013 3:15 PM
Read 2nd time Thursday, March 21, 2013 1:31 PM
Amendment 417309 withdrawn Thursday, March 21, 2013 9:27 AM
Amendment 417309 filed Wednesday, March 20, 2013 1:41 PM
Bill added to Special Order Calendar (3/21/2013) Tuesday, March 19, 2013 7:59 PM
Added to Second Reading Calendar Monday, March 18, 2013 3:26 PM
Bill referred to House Calendar Monday, March 18, 2013 3:26 PM
1st Reading Friday, March 15, 2013 4:20 PM
CS Filed Friday, March 15, 2013 12:24 PM
Laid on Table under Rule 7.19(a) Friday, March 15, 2013 12:24 PM
Reported out of State Affairs Committee Friday, March 15, 2013 12:15 PM State Affairs Committee
Favorable with CS by State Affairs Committee Thursday, March 14, 2013 1:00 PM State Affairs Committee
Added to State Affairs Committee agenda Tuesday, March 12, 2013 4:14 PM State Affairs Committee
1st Reading Monday, March 11, 2013 6:58 PM
Now in State Affairs Committee Monday, March 11, 2013 12:48 PM State Affairs Committee
Referred to State Affairs Committee Monday, March 11, 2013 12:48 PM State Affairs Committee
CS Filed Monday, March 11, 2013 11:44 AM
Laid on Table under Rule 7.19(a) Monday, March 11, 2013 11:44 AM
Reported out of Appropriations Committee Monday, March 11, 2013 11:35 AM Appropriations Committee
Favorable with CS by Appropriations Committee Friday, March 08, 2013 1:00 PM Appropriations Committee
Added to Appropriations Committee agenda Wednesday, March 06, 2013 4:23 PM Appropriations Committee
1st Reading Tuesday, March 05, 2013 11:59 PM
Now in Appropriations Committee Wednesday, February 20, 2013 2:54 PM Appropriations Committee
Referred to State Affairs Committee Wednesday, February 20, 2013 2:54 PM State Affairs Committee
Referred to Appropriations Committee Wednesday, February 20, 2013 2:54 PM Appropriations Committee
Filed Thursday, February 07, 2013 4:20 PM Government Operations Subcommittee

Statutes Referenced by this Bill
121.051
121.052
121.055
121.35
121.4501
121.591
238.072
413.051
 

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