Senate Bill sb1254

    Florida Senate - 2005                                  SB 1254

    By Senator Constantine





    22-1021-05

  1                      A bill to be entitled

  2         An act relating to the deferred compensation

  3         program for government employees; amending s.

  4         112.215, F.S.; providing that the deferred

  5         compensation plan or plans established by the

  6         Chief Financial Officer apply to employees of

  7         governmental entities other than the state;

  8         providing an effective date.

  9  

10  Be It Enacted by the Legislature of the State of Florida:

11  

12         Section 1.  Paragraph (a) of subsection (4) of section

13  112.215, Florida Statutes, is amended to read:

14         112.215  Government employees; deferred compensation

15  program.--

16         (4)(a)  The Chief Financial Officer, with the approval

17  of the State Board of Administration, shall establish such

18  plan or plans of deferred compensation for state employees,

19  including all such investment vehicles or products incident

20  thereto, as may be available through, or offered by, qualified

21  companies or persons, and may approve one or more such plans

22  for implementation by and on behalf of the state and its

23  agencies and employees.

24         Section 2.  This act shall take effect October 1, 2005.

25  

26            *****************************************

27                          SENATE SUMMARY

28    Provides that a deferred compensation plan developed by
      the Chief Financial Officer applies to all government
29    employees, not state employees alone.

30  

31  

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CODING: Words stricken are deletions; words underlined are additions.