Senate Bill 1050c1
CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 1999 CS for SB 1050
By the Committee on Governmental Oversight and Productivity;
and Senator Mitchell
302-1976A-99
1 A bill to be entitled
2 An act relating to state employees; directing
3 the Department of Management Services, in
4 cooperation with legislative staff and the
5 Office of Program Policy Analysis and
6 Government Accountability, to study certain
7 types of benefit plans and related compensation
8 options that could be made available to
9 part-time, temporary, and seasonal state
10 employees; providing requirements with respect
11 thereto; requiring a report; providing an
12 effective date.
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14 Be It Enacted by the Legislature of the State of Florida:
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16 Section 1. (1) It is the intent of the Legislature
17 that part-time, temporary, and seasonal employees of the state
18 be afforded the opportunity to plan for their financial future
19 in connection with the compensation they receive for their
20 services to state government to the fullest extent possible.
21 Retirement benefits, deferred compensation plans, and similar
22 programs are readily available to full-time state employees,
23 but these types of programs have not in the past been offered
24 to the state's other-personal-services employees.
25 (2) The Department of Management Services, in
26 cooperation with legislative staff and the Office of Program
27 Policy Analysis and Government Accountability, is directed to
28 conduct an in-depth study to identify the types of benefit
29 plans or related compensation options that exist which could
30 be made available to such employees. The department shall
31 compare the types of benefits afforded by such plans and other
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CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 1999 CS for SB 1050
302-1976A-99
1 options and identify the advantages and disadvantages of each.
2 In particular, the department shall investigate
3 defined-contribution programs under s. 3121(b)(7)(F) of the
4 Internal Revenue Code, and alternative plans that provide
5 similar benefits. In evaluating available plans, the
6 department shall apply the following criteria, as applicable:
7 (a) Whether there is any risk of the principal to plan
8 participants.
9 (b) Whether the rate of return is reasonable or
10 guaranteed.
11 (c) Whether any penalty, fee, or tax would apply upon
12 withdrawal of funds.
13 (d) The effect of an employee's participation upon his
14 or her ability to contribute to other plans, such as an
15 individual retirement account.
16 (e) The degree and timing of vesting under the plan.
17 (f) Whether the plan is portable.
18 (3) The department shall prepare a report of its study
19 which describes the available benefit plans or other
20 compensation options and recommends one or more that would be
21 most beneficial for the state's part-time, temporary, and
22 seasonal employees. The report shall be submitted to the
23 Speaker of the House of Representatives, the Minority Leader
24 of the House of Representatives, the President of the Senate,
25 and the Minority Leader of the Senate, no later than December
26 31, 1999.
27 Section 2. This act shall take effect upon becoming a
28 law.
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CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 1999 CS for SB 1050
302-1976A-99
1 STATEMENT OF SUBSTANTIAL CHANGES CONTAINED IN
COMMITTEE SUBSTITUTE FOR
2 SB 1050
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4 Removes section requiring provision of health insurance
benefits to persons employed by an agency in
5 other-personal-services position for 12 or more months in any
18-month period.
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Requires the Department of Management Services to conduct a
7 study to identify the types of benefit plans or related
compensation options which could be made available to
8 part-time, temporary, and seasonal employees of the state. The
department must report to the Legislature by December 31,
9 1999.
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