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
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Bill History
Date Chamber Action 12/2/2015 House • Filed
12/18/2015 House • Referred to Government Operations Subcommittee; Appropriations Committee; State Affairs Committee -HJ 76
1/12/2016 House • Introduced -HJ 75
3/11/2016 House • Died in Government Operations Subcommittee
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HB 881, Original Filed Version (Current Bill Version) Posted 12/2/2015 at 6:20 PM
Bill Text: PDF Analyses: None Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 7014 Florida Retirement System Governmental Oversight and Accountability Identical Last Action: 3/11/2016 S Died in Appropriations
Location: In committee/council (AP)
H 7107 (e1) Public Employees State Affairs Committee Compare Last Action: 3/11/2016 S Died in Governmental Oversight and Accountability, companion bill(s) passed, see SB 7012 (Ch. 2016-213)
Location: In committee/council (GO)
Citations - Statutes (7)
Citation Catchline Location in Bill Location In Bill Help 121.0515 Special Risk Class. Page 4 (pdf) 121.053 Participation in the Elected Officers’ Class for retired members. Page 5 (pdf) 121.055 Senior Management Service Class. Page 6 (pdf) 121.091 Benefits payable under the system. Page 10 (pdf) 121.111 Credit for military service. Page 12 (pdf) 121.122 Renewed membership in system. Page 14 (pdf) 121.4501 Florida Retirement System Investment Plan. Page 20 (pdf)