CS/CS/HB 525: State Retirement
GENERAL BILL by Appropriations Committee ; Government Operations Subcommittee ; Workman ; (CO-INTRODUCERS) Artiles ; Caldwell ; Corcoran ; Steube
State Retirement; Revises definitions of terms "normal retirement date" & "vested" or "vesting"; clarifies provisions related to prohibition of hardship loans or payments; clarifies that retiree who is reemployed in regularly established position after certain date may not be enrolled as renewed member; authorizes certain distributions to member who is terminated from employment for 1 calendar month if member has reached normal retirement date; provides rulemaking authority to DMS; provides that benefit for purposes of optional retirement program for SUS includes certain distribution; clarifies when voluntary contributions may be paid out; requires new employees to, by default, be enrolled in investment plan; authorizes new employees to elect to participate in pension plan or investment plan within specified time; revises provisions related to disability retirement benefit calculation, early retirement benefit calculation, benefit commencement age & years of service, & disability retirement benefit calculation to conform to changes made by act; provides rulemaking authority to boards of trustees for colleges; provides for contribution rate adjustments to fund benefit changes provided in act; directs Division of Statutory Revision to adjust contribution rates set forth in s. 121.71, F.S.; provides declaration of important state interest.
Last Action: 3/9/2012 House - Died in State Affairs Committee, companion bill(s) passed, see CS/HB 7079 (Ch. 2012-222)
Bill Text: PDF
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Bill History
Date Chamber Action 10/31/2011 House • Filed
11/4/2011 House • Referred to Government Operations Subcommittee; Appropriations Committee; State Affairs Committee -HJ 54
1/10/2012 House • Introduced -HJ 54
1/27/2012 House • On Committee agenda-- Government Operations Subcommittee, 01/31/12, 9:00 am, Morris Hall
1/31/2012 House • CS by Government Operations Subcommittee; YEAS 7 NAYS 6 -HJ 467
2/3/2012 House • Pending review of CS under Rule 7.19(c)
• CS by Government Operations Subcommittee read 1st time -HJ 463
2/6/2012 House • Now in Appropriations Committee -HJ 525
2/13/2012 House • On Committee agenda-- Appropriations Committee, 02/15/12, 8:00 am, Webster Hall
2/15/2012 House • CS/CS by Appropriations Committee; YEAS 12 NAYS 8 -HJ 683
2/17/2012 House • Pending review of CS under Rule 7.19(c)
2/20/2012 House • Now in State Affairs Committee -HJ 682
• CS/CS by Appropriations Committee read 1st time -HJ 674
2/23/2012 House • On Committee agenda-- State Affairs Committee, 02/24/12, 8:00 am, Reed Hall --Temporarily deferred
3/9/2012 House • Died in State Affairs Committee, companion bill(s) passed, see CS/HB 7079 (Ch. 2012-222)
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CS/CS/HB 525, Committee Substitute 2 (Current Bill Version) Posted 2/17/2012 at 7:31 AM
Bill Text: PDF Analyses: State Affairs Committee (Post-Meeting) 2/23/2012 (pdf)
Related Bills (5)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 7079 (er) State Retirement Government Operations Subcommittee Compare Last Action: 5/6/2012 Chapter No. 2012-222
Location: Became Law
S 1280 Florida Retirement System Latvala Compare Last Action: 3/9/2012 S Died in Governmental Oversight and Accountability
Location: In committee/council (GO)
S 1334 Florida Retirement System Oelrich Compare Last Action: 3/9/2012 S Died in Governmental Oversight and Accountability
Location: In committee/council (GO)
S 1570 (e1) Justices and Judges Simmons Compare Last Action: 3/7/2012 S Laid on Table -SJ 934
Location: Laid on Table
S 2024 (c2) State Retirement Governmental Oversight and Accountability Compare Last Action: 3/8/2012 S Laid on Table, companion bill(s) passed, see CS/HB 7079 (Ch. 2012-222) -SJ 1041
Location: Laid on Table
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 924855 - Amendment
Between lines 339 and 340, insert:Taylor 2/23/2012
6:11 PMPDF Citations - Statutes (8)
Citation Catchline Location in Bill Location In Bill Help 121.021 Definitions. Page 2 (pdf) 121.055 Senior Management Service Class. Page 5 (pdf) 121.091 Benefits payable under the system. Page 9 (pdf) 121.35 Optional retirement program for the State University System. Page 13 (pdf) 121.4501 Florida Retirement System Investment Plan. Page 15 (pdf) 121.591 Payment of benefits. Page 32 (pdf) 121.71 Uniform rates; process; calculations; levy. Page 38 (pdf) 1012.875 State Community College System Optional Retirement Program. Page 35 (pdf) -
CS/HB 525, Committee Substitute 1 Posted 2/3/2012 at 12:16 PM
Bill Text: PDF Analyses: None Related Bills (4)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 7079 State Retirement Government Operations Subcommittee Compare Last Action: 5/6/2012 Chapter No. 2012-222
Location: Became Law
S 1280 Florida Retirement System Latvala Compare Last Action: 3/9/2012 S Died in Governmental Oversight and Accountability
Location: In committee/council (GO)
S 1334 Florida Retirement System Oelrich Compare Last Action: 3/9/2012 S Died in Governmental Oversight and Accountability
Location: In committee/council (GO)
S 2024 (c1) State Retirement Governmental Oversight and Accountability Compare Last Action: 3/8/2012 S Laid on Table, companion bill(s) passed, see CS/HB 7079 (Ch. 2012-222) -SJ 1041
Location: Laid on Table
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 798293 - Strike All Amendment
Remove everything after the enacting clause and insert:Workman 2/14/2012
9:20 PMAdopted without Objection
2/15/2012PDF Citations - Statutes (7)
Citation Catchline Location in Bill Location In Bill Help 121.021 Definitions. Page 3 (pdf) 121.055 Senior Management Service Class. Page 5 (pdf) 121.091 Benefits payable under the system. Page 9 (pdf) 121.35 Optional retirement program for the State University System. Page 13 (pdf) 121.4501 Florida Retirement System Investment Plan. Page 15 (pdf) 121.591 Payment of benefits. Page 32 (pdf) 1012.875 State Community College System Optional Retirement Program. Page 36 (pdf) -
HB 525, Original Filed Version Posted 10/31/2011 at 3:45 PM
Bill Text: Web Page | PDF Analyses: Government Operations Subcommittee (Post-Meeting) 2/3/2012 (pdf)
Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1280 Florida Retirement System Latvala Identical Last Action: 3/9/2012 S Died in Governmental Oversight and Accountability
Location: In committee/council (GO)
S 1334 Florida Retirement System Oelrich Identical Last Action: 3/9/2012 S Died in Governmental Oversight and Accountability
Location: In committee/council (GO)
S 2024 (c1) State Retirement Governmental Oversight and Accountability Compare Last Action: 3/8/2012 S Laid on Table, companion bill(s) passed, see CS/HB 7079 (Ch. 2012-222) -SJ 1041
Location: Laid on Table
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 210657 - Strike All Amendment
Remove everything after the enacting clause and insert:Workman 1/30/2012
6:56 PMPDF Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 121.021 Definitions. Page 1 (pdf) 121.091 Benefits payable under the system. Page 4 (pdf) 121.4501 Florida Retirement System Investment Plan. Page 6 (pdf)