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.
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/7/2013 | House |
• Filed |
| 2/20/2013 | House |
• Referred to Appropriations Committee; State Affairs Committee -HJ 138 |
| 3/5/2013 | House |
• Introduced -HJ 138 |
| 3/6/2013 | House |
• On Committee agenda-- Appropriations Committee, 03/08/13, 10:00 am, Webster Hall |
| 3/8/2013 | House |
• CS by Appropriations Committee; YEAS 13 NAYS 9 -HJ 216 |
| 3/11/2013 | House |
• 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 |
| 3/12/2013 | House |
• On Committee agenda-- State Affairs Committee, 03/14/13, 9:00 am, Morris Hall |
| 3/14/2013 | House |
• CS/CS by- State Affairs Committee; YEAS 12 NAYS 6 -HJ 258 |
| 3/15/2013 | House |
• Pending review of CS -under Rule 7.19(c) • CS/CS by State Affairs Committee read 1st time -HJ 256 |
| 3/18/2013 | House |
• Placed on Calendar -HJ 271 |
| 3/19/2013 | House |
• Placed on Special Order Calendar, 03/21/13 |
| 3/21/2013 | House |
• Read 2nd time -HJ 292 • Placed on 3rd reading |
| 3/22/2013 | House |
• Read 3rd time -HJ 311 • CS passed; YEAS 74 NAYS 42 -HJ 313 |
| 4/2/2013 | Senate |
• In Messages |
| 4/3/2013 | Senate |
• Received -SJ 291 • Referred to Governmental Oversight and Accountability; Community Affairs; Appropriations -SJ 291 |
| 4/30/2013 | Senate |
• 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 |
| 5/3/2013 | Senate |
• Died on Calendar |
677732 - Substitute Amendment (Delete All) (773000)