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The Florida Senate

HB 973: Pension Plan Election under Florida Retirement System

GENERAL BILL by Temple

Pension Plan Election under Florida Retirement System; Authorizes certain eligible employees participating in FRS to make second election to move back to pension plan; requires DOR in DMS to notify employees eligible to make such election within specified timeframe; provides requirements for such election; provides that cost of such election is deferred until member's retirement; authorizes such cost to be amortized over certain period of time; prohibits such cost from exceeding specified percentage of member's retirement benefits.

Effective Date: 7/1/2024
Last Action: 3/8/2024 House - Died in Constitutional Rights, Rule of Law & Government Operations Subcommittee
Bill Text: PDF



Bill History

Date Chamber Action
12/20/2023 House • Filed
1/5/2024 House • Referred to Constitutional Rights, Rule of Law & Government Operations Subcommittee
• Referred to Appropriations Committee
• Referred to State Affairs Committee
• Now in Constitutional Rights, Rule of Law & Government Operations Subcommittee
1/9/2024 House • 1st Reading (Original Filed Version)
3/8/2024 House • Died in Constitutional Rights, Rule of Law & Government Operations Subcommittee