ENROLLED 2012 Legislature CS for SB 198, 1st Engrossed 2012198er 1 2 An act relating to the State University System 3 optional retirement program; amending s. 121.35, F.S.; 4 increasing to no more than six the number of companies 5 from which contracts may be purchased under the 6 program; providing a procurement process for 7 additional provider companies; providing an effective 8 date. 9 10 Be It Enacted by the Legislature of the State of Florida: 11 12 Section 1. Paragraph (b) of subsection (6) of section 13 121.35, Florida Statutes, is amended, and subsection (7) is 14 added to that section, to read: 15 121.35 Optional retirement program for the State University 16 System.— 17 (6) ADMINISTRATION OF PROGRAM.— 18 (b) After receiving and considering the recommendations of 19 the Board of Governors of the State University System, the 20 department shall designate no more than six
fivecompanies from 21 which contracts may be purchased under the program and shall 22 approve the form and content of the optional retirement program 23 contracts. Any domestic company that has been designated as of 24 July 1, 2005, shall be included in the six fivecompanies until 25 expiration of its existing contract with the department. The 26 domestic company may assign its contract with the department to 27 an affiliated qualified company that is wholly owned by the 28 domestic company’s parent company and has assumed 100 percent of 29 the responsibility for the contracts purchased from the domestic 30 company. 31 (7) PROCUREMENT OF ADDITIONAL PROVIDERS.—If the department 32 chooses to designate an additional provider company from which 33 contracts may be purchased under the program as provided in 34 paragraph (6)(b), the department shall conduct a competitive 35 procurement and the designation of the additional provider is 36 effective until December 31, 2014. All companies seeking a 37 designation that is effective on or after January 1, 2015, shall 38 participate together in a separate competitive procurement 39 conducted by the department for the purpose of selecting the 40 total number of provider companies authorized in paragraph 41 (6)(b) and deemed reasonable and prudent by the department. 42 Section 2. This act shall take effect upon becoming a law.