The Florida Senate

SB 660: Defined Contribution Retirement Program [WPSC]

GENERAL BILL by Fasano

Defined Contribution Retirement Program [WPSC]; Changes the name of the Public Employee Optional Retirement Program to the Public Employee Retirement Investment Program. Limits the option of enrolling in the State Retirement System's defined benefit program or defined contribution program to public employees employed before January 1, 2011. Deletes requirements for an educational program that compares retirement programs, etc.

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• Bill History

  Date	Chamber	Action
  11/10/2009	Senate	• Filed
  12/17/2009	Senate	• Referred to Community Affairs; Governmental Oversight and Accountability; General Government Appropriations; Policy & Steering Committee on Ways and Means
  3/2/2010	Senate	• Introduced, referred to Community Affairs; Governmental Oversight and Accountability; General Government Appropriations; Policy & Steering Committee on Ways and Means -SJ 00050
  4/30/2010	Senate	• Died in Committee on Community Affairs, companion bill(s) passed, see CS/CS/HB 1307 (Ch. 2010-180)

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• SB 660, Original Filed Version (Current Bill Version) Posted 11/15/2009 at 1:20 AM

  Bill Text:	Web Page | PDF

  Analyses:	None

  Related Bills (3)

  Bill Number	Subject	Filed By	Relationship	Last Action and Location
  H 413	Defined Contribution Retirement Program	Wood, Precourt	Similar	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 1307 (e2)		Schenck	Compare	Last Action: 6/1/2010 Approved by Governor; Chapter No. 2010-180 Location:
  S 1078 (c3)	State Financial Matters [WPSC]	Ring	Compare	Last Action: 4/23/2010 S 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 Location:

  Citations - Statutes (22)

  Citation	Catchline	Location in Bill Location In Bill Help
  110.123	State group insurance program.
  112.0801	Group insurance; participation by retired employees.
  112.363	Retiree health insurance subsidy.
  112.65	Limitation of benefits.
  121.021	Definitions.
  121.051	Participation in the system.
  121.055	Senior Management Service Class.
  121.091	Benefits payable under the system.
  121.35	Optional retirement program for the State University System.
  121.4501	Public Employee Optional Retirement Program.
  121.4502	Public Employee Optional Retirement Program Trust Fund.
  121.4503	Florida Retirement System Contributions Clearing Trust Fund.
  121.571	Contributions.
  121.591	Benefits payable under the Public Employee Optional Retirement Program of the Florida Retirement System.
  121.5911	Disability retirement program; qualified status; rulemaking authority.
  121.70	Legislative purpose and intent.
  121.71	Uniform rates; process; calculations; levy.
  121.72	Allocations to optional retirement program participant accounts; percentage amounts.
  121.73	Allocations for optional retirement program participant disability coverage; percentage amounts.
  121.74	Administrative and educational expenses.
  121.77	Deductions from participant accounts.
  121.78	Payment and distribution of contributions.

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