CS/CS/HB 7011: Florida Retirement System
GENERAL BILL by State Affairs Committee ; Appropriations Committee ; Government Operations Subcommittee ; Brodeur ; (CO-INTRODUCERS) Precourt
Florida Retirement System; Limits ability of members of optional retirement program to transfer to FRS; provides for compulsory membership in FRS Investment Plan for employees initially enrolled after specified date; provides for compulsory membership in investment plan for certain employees; prohibits certain membership in Senior Management Service Class or Senior Management Service Optional Annuity Program; provides that certain participants in optional retirement program for State University System have choice between optional retirement program & FRS Investment Plan; requires SBA to develop investment products to be offered in investment plan; requires SBA to provide self-directed brokerage account as investment option; requires state board to contract with provider to provide self-directed brokerage account investment option; provides self-directed brokerage account requirements; deletes obligation of system employers to communicate existence of both retirement plans; provides additional death benefit to specified members of the Special Risk Class; limits disability benefits to eligible members; adjusts required employer contribution rates for unfunded actuarial liability of FRS for select classes; provides that act fulfills important state interest; requires SBA & DMS to request determination letter from IRS.
Last Action: 5/3/2013 Senate - Died on Calendar
Bill Text: PDF
• Referred to Appropriations Committee; State Affairs Committee -HJ 138
• Introduced -HJ 138
• On Committee agenda-- Appropriations Committee, 03/08/13, 10:00 am, Webster Hall
• CS by Appropriations Committee; YEAS 13 NAYS 9 -HJ 216
• Pending review of CS under Rule 7.19(c)
• Now in State Affairs Committee -HJ 214
• CS by Appropriations Committee read 1st time -HJ 211
• On Committee agenda-- State Affairs Committee, 03/14/13, 9:00 am, Morris Hall
• CS/CS by- State Affairs Committee; YEAS 12 NAYS 6 -HJ 258
• Pending review of CS -under Rule 7.19(c)
• CS/CS by State Affairs Committee read 1st time -HJ 256
• Placed on Calendar -HJ 271
• Placed on Special Order Calendar, 03/21/13
• Read 2nd time -HJ 292
• Placed on 3rd reading
• Read 3rd time -HJ 311
• CS passed; YEAS 74 NAYS 42 -HJ 313
• In Messages
• Received -SJ 291
• Referred to Governmental Oversight and Accountability; Community Affairs; Appropriations -SJ 291
• Withdrawn from Governmental Oversight and Accountability; Community Affairs; Appropriations -SJ 808
• Placed on Calendar, on 2nd reading -SJ 808
• Substituted for CS/CS/SB 1392 -SJ 808
• Read 2nd time -SJ 808
• Amendment(s) pending (750668) -SJ 809
• Temporarily postponed on 2nd reading; On Unfinished Business
• Died on Calendar
Companion bills that are identical word-for-word, not including titles. However, Resolutions and Concurrent Resolutions are considered identical if the only difference is the word "House" or "Senate."
Companion bills that are substantially similar in text or have substantial portions of text that are largely the same.
Bills that have selected provisions that are similar in text.
A bill that is contingent upon passage of another bill within the same chamber, e.g., a trust fund bill, a bill providing a public record exemption, or an implementing bill.
The page numbers, when listed, for citations are constantly under review. The journals or printed bills of the respective chambers should be consulted as the official documents of the Legislature.
The links for the page numbers are formatted to open the bill text PDF directly to the page containing the citation. However, if your browser is set to open PDFs in a new window, as is often the case with 64-bit browsers, the bill text will open to the first page.