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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.

Effective Date: 7/1/2013
 Last Action: 5/3/2013 Senate - Died on Calendar
Bill Text: PDF

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  • 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

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  • CS/CS/HB 7011, Committee Substitute 2 (Current Bill Version) Posted 3/15/2013 at 12:24 PM

    Bill Text:   PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 1392 (c2) Retirement Simpson Compare Last Action: 4/30/2013 S Laid on Table -SJ 808
    Location: Laid on Table     		Track This Bill

    Floor Amendments (7)

    Amendment Sponsor Filed Last Floor Action Format
    773000 - Amendment
    Delete everything after the enacting clause and insert:     		Simpson 4/29/2013
    5:27 PM     		Senate: Withdrawn
    4/29/2013     		Web Page
    PDF
    hierarchy 677732 - Substitute Amendment (Delete All) (773000)
    Delete everything after the enacting clause and insert:     		Simpson 4/29/2013
    5:38 PM     		Senate: Withdrawn
    4/29/2013     		Web Page
    PDF
    750668 - Amendment (Delete All)
    Delete everything after the enacting clause and insert:     		Simpson 4/29/2013
    6:11 PM     		Senate: Pending
    4/30/2013     		Web Page
    PDF
    hierarchy 268786 - Substitute Amendment (Delete All) (750668)
    Delete everything after the enacting clause and insert:     		Simpson 4/29/2013
    6:12 PM     		Senate: Failed
    4/30/2013     		Web Page
    PDF
    805139 - Amendment
    Between lines 395 and 396, insert:     		Fasano 3/21/2013
    2:20 PM     		House: Withdrawn
    3/22/2013     		PDF
    hierarchy 299145 - Substitute Amendment (805139)
    Between lines 395 and 396, insert:     		Gaetz 3/22/2013
    8:28 AM     		House: Withdrawn
    3/22/2013     		PDF
    417309 - Amendment
    Between lines 1358 and 1359, insert:     		Fasano 3/20/2013
    1:39 PM     		House: Withdrawn
    3/21/2013     		PDF

    Floor Votes (3)

    Date Chamber Result
    3/22/2013 1:04 PM House 115 Yeas - 0 Nays
    3/22/2013 1:21 PM House 74 Yeas - 42 Nays
    4/30/2013 3:19 PM Senate - Amendment 268786 18 Yeas - 22 Nays

    Citations - Statutes (9)

    Citation Catchline Location in Bill Location In Bill Help
    121.051 Participation in the system. Page 3 (pdf)
    121.052 Membership class of elected officers. Page 10 (pdf)
    121.055 Senior Management Service Class. Page 10 (pdf)
    121.35 Optional retirement program for the State University System. Page 15 (pdf)
    121.4501 Florida Retirement System Investment Plan. Page 17 (pdf)
    121.591 Payment of benefits. Page 45 (pdf)
    121.71 Uniform rates; process; calculations; levy. Page 51 (pdf)
    238.072 Special service provisions for extension personnel. Page 49 (pdf)
    413.051 Eligible blind persons; operation of vending stands. Page 50 (pdf)

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  • CS/HB 7011, Committee Substitute 1 Posted 3/11/2013 at 11:44 AM

    Bill Text:   PDF
    Analyses:   State Affairs Committee (Post-Meeting) 3/15/2013 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 1392 Retirement Simpson Compare Last Action: 4/30/2013 S Laid on Table -SJ 808
    Location: Laid on Table     		Track This Bill

    Committee Amendments (2)

    Amendment Sponsor Filed Last Committee Action Format
    103773 - Amendment
    Remove lines 800-1552 and insert:     		Brodeur
    (Steube)     		3/14/2013
    7:17 AM     		Adopted
    3/14/2013     		PDF
    210427 - Amendment
    Between lines 1558 and 1559, insert:     		Brodeur 3/14/2013
    7:18 AM     		Adopted
    3/14/2013     		PDF

    Citations - Statutes (9)

    Citation Catchline Location in Bill Location In Bill Help
    121.051 Participation in the system. Page 3 (pdf)
    121.052 Membership class of elected officers. Page 10 (pdf)
    121.055 Senior Management Service Class. Page 10 (pdf)
    121.35 Optional retirement program for the State University System. Page 15 (pdf)
    121.4501 Florida Retirement System Investment Plan. Page 17 (pdf)
    121.591 Payment of benefits. Page 45 (pdf)
    121.71 Uniform rates; process; calculations; levy. Page 56 (pdf)
    238.072 Special service provisions for extension personnel. Page 54 (pdf)
    413.051 Eligible blind persons; operation of vending stands. Page 54 (pdf)

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  • HB 7011, Original Filed Version Posted 2/7/2013 at 4:20 PM

    Bill Text:   PDF
    Analyses:   Appropriations Committee (Post-Meeting) 3/11/2013 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 1392 Retirement Simpson Compare Last Action: 4/30/2013 S Laid on Table -SJ 808
    Location: Laid on Table     		Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    756889 - Amendment
    Remove lines 1489-1520 and insert:     		Brodeur 3/7/2013
    6:35 PM     		Adopted
    3/11/2013     		PDF

    Citations - Statutes (9)

    Citation Catchline Location in Bill Location In Bill Help
    121.051 Participation in the system. Page 3 (pdf)
    121.052 Membership class of elected officers. Page 10 (pdf)
    121.055 Senior Management Service Class. Page 10 (pdf)
    121.35 Optional retirement program for the State University System. Page 15 (pdf)
    121.4501 Florida Retirement System Investment Plan. Page 17 (pdf)
    121.591 Payment of benefits. Page 45 (pdf)
    121.71 Uniform rates; process; calculations; levy. Page 54 (pdf)
    238.072 Special service provisions for extension personnel. Page 57 (pdf)
    413.051 Eligible blind persons; operation of vending stands. Page 57 (pdf)

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