CS/HB 551 (2008) -  Retirement

General Bill by Government Efficiency & Accountability Council and Heller
Retirement: Clarifies that term "compensation" for purposes of benefit retirement program or Public Employee Optional Retirement Program of FRS does not include fees or salary payments made from faculty practice plan authorized by BOG for clinical faculty at state university having faculty practice plan; requires that person appointed to faculty position at state university having faculty practice plan participate in SUS optional retirement program rather than FRS; requires participating employee in optional retirement program to execute contract, not just annuity contract, with designated company in order for employee contributions to be forwarded to company & for interest to accrue; defines term "participant's gross monthly compensation" for purposes of SUS optional retirement program; authorizes certain former participants in Community College Optional Retirement Program or SUS Optional Retirement Program & present mandatory participants in FRS to receive specified amount of service credit under certain conditions; provides specified time period for election of such transfer; limits certain service credit.
Effective Date: July 1, 2008
Last Event: Died in Policy & Budget Council, Link/Iden/Sim/Compare passed, refer to HB 5063 (Ch. 2008-139) on Friday, May 2, 2008 6:02 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/SB 1428 Subject: Retirement/Community Colleges & Universities [RPCC] Relationship: Identical
Bill #: CS/SB 2170 Subject: Retirement [SPCC] Relationship: Similar
Bill #: HB 5063 Subject: Retirement Relationship: Compare
Bill #: CS/CS/SB 2848 Subject: Florida Retirement System [RPCC] Relationship: Compare

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Government Efficiency & Accountability Council 4/18/2008 8:50:44 AM
Chamber: House Committee: Government Efficiency & Accountability Council 4/8/2008 9:15:11 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Policy & Budget Council, Link/Iden/Sim/Compare passed, refer to HB 5063 (Ch. 2008-139) Time: 05/02/2008 - 6:02 PM Member: Committee: Policy & Budget Council Version:
Event: H Now in Policy & Budget Council Time: 04/21/2008 - 8:27 PM Member: Committee: Policy & Budget Council Version: c1
Event: H Referred to Policy & Budget Council Time: 04/21/2008 - 8:27 PM Member: Committee: Policy & Budget Council Version: c1
Event: H 1st Reading Time: 04/18/2008 - 11:59 PM Member: Committee: Version: c1
Event: H CS Filed Time: 04/18/2008 - 8:54 AM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.19 Time: 04/18/2008 - 8:54 AM Member: Committee: Version: __
Event: H Reported out of Government Efficiency & Accountability Council Time: 04/18/2008 - 8:49 AM Member: Committee: Government Efficiency & Accountability Council Version: __
Event: H Favorable with CS by Government Efficiency & Accountability Council Time: 04/09/2008 - 10:30 AM Member: Committee: Government Efficiency & Accountability Council Version: __
Event: H Added to Government Efficiency & Accountability Council agenda Time: 04/07/2008 - 4:19 PM Member: Committee: Government Efficiency & Accountability Council Version: __
Event: H Now in Government Efficiency & Accountability Council Time: 04/07/2008 - 4:03 PM Member: Committee: Government Efficiency & Accountability Council Version: __
Event: H Referral revoked from Committee on State Affairs by Government Efficiency & Accountability Council Time: 04/07/2008 - 4:03 PM Member: Committee: Committee on State Affairs Version: __
Event: H Now in Committee on State Affairs Time: 03/06/2008 - 3:25 PM Member: Committee: Committee on State Affairs Version: __
Event: H Referred to Committee on State Affairs by Government Efficiency & Accountability Council Time: 03/06/2008 - 3:25 PM Member: Committee: Committee on State Affairs Version: __
Event: H 1st Reading Time: 03/04/2008 - 10:58 PM Member: Committee: Version: __
Event: H Now in Government Efficiency & Accountability Council Time: 01/23/2008 - 5:55 PM Member: Committee: Government Efficiency & Accountability Council Version: __
Event: H Referred to Policy & Budget Council Time: 01/23/2008 - 5:55 PM Member: Committee: Policy & Budget Council Version: __
Event: H Referred to Government Efficiency & Accountability Council Time: 01/23/2008 - 5:55 PM Member: Committee: Government Efficiency & Accountability Council Version: __
Event: H Filed Time: 01/16/2008 - 9:44 AM Member: Heller Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
121.021 HB 389, HB 677, HB 815, HB 1053, CS/HB 1405, HB 1479, HB 5083, HB 7079
121.051 HB 7011, HB 7079
121.35 HB 1053, CS/HB 1405
121.355