HB 881: Florida Retirement System
GENERAL BILL by Raulerson
Florida Retirement System; Authorizes renewed membership in FRS for certain retirees; requires employer to make employer & employee contributions for certain purposes; requires that certain retirees be renewed members in investment plan; specifies that creditable service does not accrue for employment during specified period; prohibits certain funds from being paid into renewed member's investment plan account for specified period of employment; requires employer & retiree to make applicable contributions to renewed member's investment plan account; prohibits purchase of past service in investment plan; authorizes renewed member to receive additional credit towards health insurance subsidy; prohibits transfers to pension plan; provides for renewed membership in optional retirement program for certain retirees; prohibits purchase of past service in optional retirement program; revises definition of term "eligible employee"; provides for enrollment in investment plan for certain retirees; prohibits transfers to pension plan; provides for employer contribution rate increases to fund changes made by act; declares that act fulfills important state interest.
Last Action: 3/11/2016 House - Died in Government Operations Subcommittee
Bill Text: PDF
• Referred to Government Operations Subcommittee; Appropriations Committee; State Affairs Committee -HJ 76
• Introduced -HJ 75
• Died in Government Operations Subcommittee
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