House Bill hb0935e1
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HB 935, First Engrossed
1 A bill to be entitled
2 An act relating to public records; amending s.
3 121.4501, F.S.; creating a public records
4 exemption for personal identifying information
5 regarding participants in the Public Employee
6 Optional Retirement Program; providing an
7 exception to the exemption; providng for future
8 review and repeal; providing a statement of
9 public necessity; providing an effective date.
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11 Be It Enacted by the Legislature of the State of Florida:
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13 Section 1. Subsection (19) is added to section
14 121.4501, Florida Statutes, to read:
15 121.4501 Public Employee Optional Retirement
16 Program.--
17 (19) PARTICIPANT RECORDS.--All personal identifying
18 information regarding a participant in the Public Employee
19 Optional Retirement Program contained in Florida Retirement
20 System records held by the State Board of Administration or
21 the Department of Management Services, or their agents,
22 employees, or contractors are exempt from the provisions of s.
23 119.07(1) and s. 24(a), Art. I of the State Constitution. The
24 department or board may use such exempt information as
25 necessary in any legal or administrative proceeding. This
26 subsection is subject to the Open Government Sunset Review Act
27 of 1995 in accordance with s. 119.15, and shall stand repealed
28 October 2, 2007, unless reviewed and saved from repeal through
29 reenactment by the Legislature.
30 Section 2. The Legislature finds that it is a public
31 necessity that such identifying information be made exempt
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HB 935, First Engrossed
1 because release of this information would allow investment
2 providers who are not approved Public Employee Optional
3 Retirement Program providers to contact program participants
4 in order to offer unapproved investment products. This would
5 be very confusing to program participants because there are
6 already a number of choices to be made in this area. Also, if
7 identifying information is released then anyone could find out
8 how much money a participant had with an investment provider
9 and in a particular investment product. Release of this
10 information would also allow competing approved providers to
11 contact the participants. Release of this information to
12 approved or unapproved providers could prove detrimental to
13 the overall effectiveness and efficiency of the agency's
14 administration of the program. Additionally, this exemption is
15 narrow in that it allows access to information regarding the
16 providers and products that are being selected by program
17 participants and the amount of money invested in those
18 products, but does so without revealing the identity of the
19 individual participant.
20 Section 3. This act shall take effect upon becoming
21 law.
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