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CS/CS/HB 599: Publicly Funded Defined Benefit Retirement Plans

GENERAL BILL by Appropriations Committee ; Government Operations Subcommittee ; Caldwell ; (CO-INTRODUCERS) Combee

Publicly Funded Defined Benefit Retirement Plans; Deletes requirement that required actuarial reports for retirement plans include disclosure of present value of plan's benefits; provides that state is not liable for shortfalls in local government retirement systems or plans; requires defined benefit system or plan to report certain information to DMS by certain date; requires plan sponsor to make certain information available on certain websites; provides consequences for failure to timely submit required information; provides method for plan sponsor to request hearing to contest such consequences; requires department to provide fact sheet specifying certain information; provides declaration of important state interest.

Effective Date: 7/1/2013
Last Action: 4/30/2013 House - Laid on Table, companion bill(s) passed, see CS/CS/CS/SB 534 (Ch. 2013-100) -HJ 1008
Location: Laid on Table
Bill Text: PDF

Bill History

Date Chamber Action
2/5/2013 House • Filed
2/12/2013 House • Referred to Government Operations Subcommittee; Appropriations Committee; State Affairs Committee -HJ 66
2/13/2013 House • On Committee agenda-- Government Operations Subcommittee, 02/20/13, 11:30 am, Webster Hall
2/20/2013 House • CS by Government Operations Subcommittee; YEAS 8 NAYS 3 -HJ 156
2/25/2013 House • Pending review of CS under Rule 7.19(c)
3/1/2013 House • Now in Appropriations Committee -HJ 152
3/5/2013 House • Introduced -HJ 66
• CS by Government Operations Subcommittee read 1st time -HJ 150
4/8/2013 House • On Committee agenda-- Appropriations Committee, 04/10/13, 3:30 pm, Webster Hall
4/10/2013 House • CS/CS by Appropriations Committee; YEAS 14 NAYS 12 -HJ 580
4/11/2013 House • Pending review of CS under Rule 7.19(c)
• CS/CS by Appropriations Committee read 1st time -HJ 571
4/12/2013 House • Now in State Affairs Committee -HJ 610
• On Committee agenda-- State Affairs Committee, 04/16/13, 2:00 pm, Morris Hall
4/16/2013 House • Favorable by- State Affairs Committee; YEAS 9 NAYS 7 -HJ 666
4/17/2013 House • Placed on Calendar -HJ 666
4/29/2013 House • Placed on Special Order Calendar, 04/30/13
4/30/2013 House • Substituted CS/CS/CS/SB 534 -HJ 1008
• Laid on Table, companion bill(s) passed, see CS/CS/CS/SB 534 (Ch. 2013-100) -HJ 1008