HB 87: Death Benefits Under the Florida Retirement System
GENERAL BILL by Hill ; (CO-INTRODUCERS) Beshears ; Fant ; Latvala ; O'Toole ; Pilon
Death Benefits Under the Florida Retirement System; Authorizes payment of death benefits to surviving spouse or children of Special Risk Class member killed in line of duty; specifies eligibility; authorizes payment of death benefits to surviving spouse or children of Special Risk Class member in investment plan; establishes qualifications & eligibility requirements; prescribes method of calculating benefit; specifies circumstances under which benefit payments are terminated; requires State Board of Administration or Division of Retirement to take certain action upon receipt of notification of disqualification from IRS; provides for allocations for death benefits authorized by act; requires State Board of Administration to transfer moneys to fund survivor benefit payments; adjusts employer contribution rates; declares that act fulfills an important state interest; provides appropriation. APPROPRIATION: $6,508,528
Last Action: 3/11/2016 House - Died in Government Operations Subcommittee, companion bill(s) passed, see SB 7012 (Ch. 2016-213)
Bill Text: PDF
• Referred to Government Operations Subcommittee; Appropriations Committee; State Affairs Committee -HJ 14
• Introduced -HJ 14
• Died in Government Operations Subcommittee, companion bill(s) passed, see SB 7012 (Ch. 2016-213)
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