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SB 538: FRS/Avg. Final Compensation/Vesting

GENERAL BILL by Lawson

FRS/Avg. Final Compensation/Vesting; redefines term "average final compensation" to be average of 3 highest fiscal years of compensation & term "normal retirement date" to mean attainment of 5 years of creditable service; provides for funding of revision of system by this act; revises contribution rates; provides finding of important state interest. Amends 121.021.

Effective Date: 07/01/2001
Last Action: 5/4/2001 Senate - Died in Committee on Governmental Oversight and Productivity
Bill Text: Web Page | PDF



Bill History

Date Chamber Action
2/7/2001 Senate • Prefiled
2/14/2001 Senate • Referred to Governmental Oversight and Productivity; Education; Comprehensive Planning, Local and Military Affairs; Appropriations Subcommittee on General Government; Appropriations
3/6/2001 Senate • Introduced, referred to Governmental Oversight and Productivity; Education; Comprehensive Planning, Local and Military Affairs; Appropriations Subcommittee on General Government; Appropriations -SJ 00040
5/4/2001 Senate • Died in Committee on Governmental Oversight and Productivity