The Florida Senate

SB 534: Defined Contribution Retirement Program [GPSC]

GENERAL BILL by Fasano

Defined Contribution Retirement Program [GPSC]; Changes the name of the Public Employee Optional Retirement Program to the Public Employee Retirement Investment Program. Limits the option of enrolling in the State Retirement System's defined benefit program or defined contribution program to public employees employed before January 1, 2010. Requires public employees employed on or after January 1, 2010, to enroll in the defined contribution program, etc.

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• Bill History

  Date	Chamber	Action
  1/6/2009	Senate	• Filed
  1/23/2009	Senate	• Referred to Community Affairs; Governmental Oversight and Accountability; General Government Appropriations; Policy & Steering Committee on Ways and Means
  3/3/2009	Senate	• Introduced, referred to Community Affairs; Governmental Oversight and Accountability; General Government Appropriations; Policy & Steering Committee on Ways and Means -SJ 00035
  4/14/2009	Senate	• Withdrawn from Community Affairs; Governmental Oversight and Accountability; General Government Appropriations; Policy & Steering Committee on Ways and Means -SJ 00337; Withdrawn from further consideration -SJ 00337

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• SB 534, Original Filed Version (Current Bill Version) Posted 3/3/2009 at 3:38 PM

  Bill Text:	Web Page | PDF

  Analyses:	None

  Citations - Statutes (22)

  Citation	Catchline	Location in Bill Location In Bill Help
  110.123	State group insurance program.
  112.0801	Group insurance; participation by retired employees.
  112.363	Retiree health insurance subsidy.
  112.65	Limitation of benefits.
  121.021	Definitions.
  121.051	Participation in the system.
  121.055	Senior Management Service Class.
  121.091	Benefits payable under the system.
  121.35	Optional retirement program for the State University System.
  121.4501	Public Employee Optional Retirement Program.
  121.4502	Public Employee Optional Retirement Program Trust Fund.
  121.4503	Florida Retirement System Contributions Clearing Trust Fund.
  121.571	Contributions.
  121.591	Benefits payable under the Public Employee Optional Retirement Program of the Florida Retirement System.
  121.5911	Disability retirement program; qualified status; rulemaking authority.
  121.70	Legislative purpose and intent.
  121.71	Uniform rates; process; calculations; levy.
  121.72	Allocations to optional retirement program participant accounts; percentage amounts.
  121.73	Allocations for optional retirement program participant disability coverage; percentage amounts.
  121.74	Administrative and educational expenses.
  121.77	Deductions from participant accounts.
  121.78	Payment and distribution of contributions.

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