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CS/CS/CS/SB 1078: State Financial Matters [WPSC]

GENERAL BILL by Policy and Steering Committee on Ways and Means ; General Government Appropriations ; Governmental Oversight and Accountability ; Ring

State Financial Matters [WPSC]; Provides for excess account balances in the Public Employee Optional Retirement Program when an employee transfers to the defined benefit program and for the use of such excess balance. Establishes a forfeiture account in the Public Employee Retirement Program Trust Fund and provides for the use of funds in the account. Specifies the bonds, notes, and obligations into which the trust funds of the state may be invested and in what amounts, etc.

Effective Date: 07/01/2010
 Last Action: 4/23/2010 Senate - Placed on Special Order Calendar; Read 2nd time -SJ 00787; Substituted CS/CS/HB 1307 -SJ 00787; Laid on Table, companion bill(s) passed, see CS/CS/HB 1307 (Ch. 2010-180) -SJ 00787
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    1/7/2010 Senate • Filed
    1/20/2010 Senate • Referred to Governmental Oversight and Accountability; Community Affairs; General Government Appropriations; Policy & Steering Committee on Ways and Means
    2/25/2010 Senate • On Committee agenda-- Governmental Oversight and Accountability, 03/02/10, 10:15 am, 110-S
    3/2/2010 Senate • Introduced, referred to Governmental Oversight and Accountability; Community Affairs; General Government Appropriations; Policy & Steering Committee on Ways and Means -SJ 00077; On Committee agenda-- Governmental Oversight and Accountability, 03/02/10, 10:15 am, 110-S; CS by Governmental Oversight and Accountability; YEAS 6 NAYS 0 -SJ 00183; CS read 1st time on 03/03/10 -SJ 00184
    3/3/2010 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    3/8/2010 Senate • Now in Community Affairs -SJ 00183; On Committee agenda-- Community Affairs, 03/09/10, 1:30 pm, 412-K
    3/9/2010 Senate • Favorable with 1 amendment(s) by Community Affairs (174480); YEAS 10 NAYS 0 -SJ 00189
    3/10/2010 Senate • Pending reference review under Rule 4.7(2) - (Amendments)
    3/15/2010 Senate • Now in General Government Appropriations -SJ 00189
    4/1/2010 Senate • On Committee agenda-- General Government Appropriations, 04/06/10, 3:15 pm, 401-S
    4/6/2010 Senate • CS/CS by General Government Appropriations; YEAS 5 NAYS 0 -SJ 00525; CS read 1st time on 04/08/10 -SJ 00539
    4/7/2010 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    4/9/2010 Senate • Now in Policy & Steering Committee on Ways and Means -SJ 00525
    4/12/2010 Senate • On Committee agenda-- Policy & Steering Committee on Ways and Means, 04/15/10, 2:00 pm, 412-K
    4/15/2010 Senate • CS/CS/CS by- Policy & Steering Committee on Ways and Means; YEAS 20 NAYS 0 -SJ 00636; CS read 1st time on 04/16/10 -SJ 00637
    4/16/2010 Senate • Pending reference review -under Rule 4.7(2) - (Committee Substitute)
    4/19/2010 Senate • Placed on Calendar, on 2nd reading -SJ 00636
    4/23/2010 Senate • Placed on Special Order Calendar; Read 2nd time -SJ 00787; Substituted CS/CS/HB 1307 -SJ 00787; Laid on Table, companion bill(s) passed, see CS/CS/HB 1307 (Ch. 2010-180) -SJ 00787

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  • CS/CS/CS/SB 1078, Committee Substitute 3 (Current Bill Version) Posted 4/16/2010 at 3:53 PM

    Bill Text:   Web Page | PDF
    Analyses:   Policy and Steering Committee on Ways and Means (Post-Meeting) (pdf)

    Related Bills (6)

    Bill Number Subject Filed By Relationship Last Action and Location
    H 1307 (e2) Schenck Similar Last Action: 6/1/2010 Approved by Governor; Chapter No. 2010-180
    Location:
    H 413 Defined Contribution Retirement Program Wood, Precourt Compare Last Action: 4/30/2010 H Died in Committee on Governmental Affairs Policy (EDCA), companion bill(s) passed, see CS/CS/HB 1307 (Ch. 2010-180)
    Location:
    H 1345 State Board of Administration Jenne Compare Last Action: 4/30/2010 H Died in Committee on Governmental Affairs Policy (EDCA), companion bill(s) passed, see CS/CS/HB 1307 (Ch. 2010-180)
    Location:
    S 660 Defined Contribution Retirement Program [WPSC] Fasano Compare Last Action: 4/30/2010 S Died in Committee on Community Affairs, companion bill(s) passed, see CS/CS/HB 1307 (Ch. 2010-180)
    Location:
    S 1530 State Board of Administration [WPSC] Deutch Compare Last Action: 4/30/2010 S Died in Committee on Governmental Oversight and Accountability, companion bill(s) passed, see CS/CS/HB 1307 (Ch. 2010-180)
    Location:
    S 2186 (c2) State Board of Administration [WPSC] Ring Compare Last Action: 4/30/2010 S Died in Committee on Policy & Steering Committee on Ways and Means, companion bill(s) passed, see CS/CS/HB 1307 (Ch. 2010-180)
    Location:

    Citations - Statutes (14)

    Citation Catchline Location in Bill Location In Bill Help
    121.4501 Public Employee Optional Retirement Program.
    121.4502 Public Employee Optional Retirement Program Trust Fund.
    121.591 Benefits payable under the Public Employee Optional Retirement Program of the Florida Retirement System.
    121.78 Payment and distribution of contributions.
    215.44 Board of Administration; powers and duties in relation to investment of trust funds.
    215.441 Board of Administration; appointment of executive director.
    215.442 Executive director; reporting requirements; public meeting.
    215.444 Investment Advisory Council.
    215.47 Investments; authorized securities; loan of securities.
    215.475 Investment policy statement.
    215.4754
    215.4755
    215.52 Rules and regulations.
    218.409 Administration of the trust fund; creation of advisory council.

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  • CS/CS/SB 1078, Committee Substitute 2 Posted 4/7/2010 at 10:41 AM

    Bill Text:   Web Page | PDF
    Analyses:   General Government Appropriations (Post-Meeting) (pdf)

    Committee Amendments (3)

    Amendment Sponsor Filed Last Committee Action Format
    439282 - Amendment
    		Policy and Steering Committee on Ways and Means
    (Alexander)     		4/14/2010
    1:26 PM     		Replaced by Committee Substitute
    4/15/2010     		PDF
    129290 - Amendment
    		Policy and Steering Committee on Ways and Means
    (Alexander)     		4/14/2010
    1:26 PM     		Replaced by Committee Substitute
    4/15/2010     		PDF
    886452 - Amendment
    		Policy and Steering Committee on Ways and Means
    (Alexander)     		4/14/2010
    1:27 PM     		Replaced by Committee Substitute
    4/15/2010     		PDF

    Committee Votes (1)

    Date Committee Result
    4/15/2010 2:00 PM Policy and Steering Committee on Ways and Means 20 Yeas - 0 Nays

    Citations - Statutes (7)

    Citation Catchline Location in Bill Location In Bill Help
    121.4501 Public Employee Optional Retirement Program.
    121.4502 Public Employee Optional Retirement Program Trust Fund.
    121.591 Benefits payable under the Public Employee Optional Retirement Program of the Florida Retirement System.
    121.78 Payment and distribution of contributions.
    215.44 Board of Administration; powers and duties in relation to investment of trust funds.
    215.47 Investments; authorized securities; loan of securities.
    218.409 Administration of the trust fund; creation of advisory council.

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  • CS/SB 1078, Committee Substitute 1 Posted 3/3/2010 at 2:51 PM

    Bill Text:   Web Page | PDF
    Analyses:   Community Affairs (Post-Meeting) (pdf)
    Governmental Oversight and Accountability (Post-Meeting) 3/2/2010 (pdf)

    Committee Amendments (2)

    Amendment Sponsor Filed Last Committee Action Format
    174480 - Amendment
    		Community Affairs
    (Siplin)     		3/9/2010
    8:36 AM     		Favorable
    4/7/2010     		PDF
    457342 - Amendment
    		General Government Appropriations
    (Oelrich)     		4/6/2010
    12:20 PM     		Replaced by Committee Substitute
    4/7/2010     		PDF

    Committee Votes (2)

    Date Committee Result
    3/9/2010 1:30 PM Community Affairs 10 Yeas - 0 Nays
    4/6/2010 3:15 PM General Government Appropriations 5 Yeas - 0 Nays

    Citations - Statutes (7)

    Citation Catchline Location in Bill Location In Bill Help
    121.4501 Public Employee Optional Retirement Program.
    121.4502 Public Employee Optional Retirement Program Trust Fund.
    121.591 Benefits payable under the Public Employee Optional Retirement Program of the Florida Retirement System.
    121.78 Payment and distribution of contributions.
    215.44 Board of Administration; powers and duties in relation to investment of trust funds.
    215.47 Investments; authorized securities; loan of securities.
    218.409 Administration of the trust fund; creation of advisory council.

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  • SB 1078, Original Filed Version Posted 1/7/2010 at 9:17 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Committee Amendments (3)

    Amendment Sponsor Filed Last Committee Action Format
    943428 - Amendment
    		Governmental Oversight and Accountability
    (Ring)     		3/1/2010
    12:06 PM     		Replaced by Committee Substitute
    3/2/2010     		PDF
    hierarchy 711632 - Amendment to Amendment (943428)
    		Governmental Oversight and Accountability
    (Ring)     		3/2/2010
    7:47 AM     		Replaced by Committee Substitute
    3/2/2010     		PDF
    490668 - Amendment
    		Governmental Oversight and Accountability
    (Ring)     		3/1/2010
    12:06 PM     		Replaced by Committee Substitute
    3/2/2010     		PDF

    Committee Votes (1)

    Date Committee Result
    3/2/2010 10:15 AM Governmental Oversight and Accountability 6 Yeas - 0 Nays

    Citations - Statutes (7)

    Citation Catchline Location in Bill Location In Bill Help
    121.4501 Public Employee Optional Retirement Program.
    121.4502 Public Employee Optional Retirement Program Trust Fund.
    121.591 Benefits payable under the Public Employee Optional Retirement Program of the Florida Retirement System.
    121.78 Payment and distribution of contributions.
    215.44 Board of Administration; powers and duties in relation to investment of trust funds.
    215.47 Investments; authorized securities; loan of securities.
    218.409 Administration of the trust fund; creation of advisory council.

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