HB 881 (2016) -  Florida Retirement System

by Raulerson
Authorizes renewed membership in FRS for certain retirees; requires employer to make employer & employee contributions for certain purposes; requires that certain retirees be renewed members in investment plan; specifies that creditable service does not accrue for employment during specified period; prohibits certain funds from being paid into renewed member's investment plan account for specified period of employment; requires employer & retiree to make applicable contributions to renewed member's investment plan account; prohibits purchase of past service in investment plan; authorizes renewed member to receive additional credit towards health insurance subsidy; prohibits transfers to pension plan; provides for renewed membership in optional retirement program for certain retirees; prohibits purchase of past service in optional retirement program; revises definition of term "eligible employee"; provides for enrollment in investment plan for certain retirees; prohibits transfers to pension plan; provides for employer contribution rate increases to fund changes made by act; declares that act fulfills important state interest.
Effective Date: July 1, 2016
Last Event: Died in Government Operations Subcommittee on Friday, March 11, 2016 6:45 PM

Referred Committees and Committee Actions

Related Bills

Staff Analysis

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Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Government Operations Subcommittee Time: 03/11/2016 - 6:45 PM Member: Committee: Government Operations Subcommittee Version: __
Event: H 1st Reading Time: 01/12/2016 - 8:37 PM Member: Committee: Version: __
Event: H Now in Government Operations Subcommittee Time: 12/18/2015 - 4:11 PM Member: Committee: Government Operations Subcommittee Version: __
Event: H Referred to State Affairs Committee Time: 12/18/2015 - 4:11 PM Member: Committee: State Affairs Committee Version: __
Event: H Referred to Appropriations Committee Time: 12/18/2015 - 4:11 PM Member: Committee: Appropriations Committee Version: __
Event: H Referred to Government Operations Subcommittee Time: 12/18/2015 - 4:11 PM Member: Committee: Government Operations Subcommittee Version: __
Event: H Filed Time: 12/02/2015 - 6:20 PM Member: Raulerson Committee: Version: __