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SPB 7046: Florida Retirement System

PROPOSED BILL by Community Affairs

Florida Retirement System; Requiring the Trustees of the State Board of Administration to establish the Florida Retirement System Cash Balance Plan; requiring employees and employers to make contributions for funding the plan; providing that the plan provide a lump-sum or annuity benefit; providing procedures for employees who are members of the pension plan or investment plan before a certain date to transfer to the cash balance plan; providing procedures for employees employed after a certain date to be enrolled in the investment plan or cash balance plan, etc.

Effective Date: 7/1/2015
Last Action: 2/19/2014 Senate - Submit as committee bill by Community Affairs (SB 1114)
Location:
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 5 NAYS 4
2/19/2014 Senate • Submit as committee bill by Community Affairs (SB 1114)