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SPB 7040: Florida Retirement System Cash Balance Plan Trust Fund

PROPOSED BILL by Community Affairs

Florida Retirement System Cash Balance Plan Trust Fund; Creating the Florida Retirement System Cash Balance Plan Trust Fund, to hold the assets of the Florida Retirement System Cash Balance Plan; providing that the trust fund is a retirement trust fund not subject to termination pursuant to s. 19(f), Art. III of the State Constitution; providing for sources of moneys and purposes; requiring a forfeiture account to be created within the trust fund, etc.

Effective Date: July 1, 2014, if passed by a three-fifths vote of the membership of each house and if SB ____ or similar legislation is adopted in the same legislative session or an extension thereof and becomes a law
Last Action: 2/19/2014 Senate - Submit as committee bill by Community Affairs (SB 1112)
Location: Acted on by committee/council, pending report (CA)
Bill Text: Web Page | PDF



Bill History

Date Chamber Action
2/10/2014 Senate • Submitted for consideration by Community Affairs
• On Committee agenda-- Community Affairs, 02/18/14, 2:00 pm, 301 Senate Office Building -- Submitted as Committee Bill; YEAS 9 NAYS 0
2/19/2014 Senate • Submit as committee bill by Community Affairs (SB 1112)