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The Florida Senate

SB 980: Publicly Funded Retirement Programs


Publicly Funded Retirement Programs; Revising minimum requirements for actuarial reports for retirement systems or plans subject to part VII of ch. 112, F.S.; requiring the governing body responsible for the retirement system or plan to review the enrolled actuary’s statement within a specified timeframe; requiring the unfunded liability of retirement systems or plans established on or after a certain date to be amortized within a specified timeframe, etc.

Effective Date: Except as otherwise expressly provided in this act, this act shall take effect July 1, 2018
Last Action: 3/10/2018 Senate - Died in Governmental Oversight and Accountability
Bill Text: Web Page | PDF
Senate Committee References:
  1. Governmental Oversight and Accountability (GO)
  2. Community Affairs (CA)
  3. Appropriations (AP)

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  • Bill History

    Date Chamber Action
    11/21/2017 Senate • Filed
    12/13/2017 Senate • Referred to Governmental Oversight and Accountability; Community Affairs; Appropriations -SJ 75
    1/9/2018 Senate • Introduced -SJ 75
    3/10/2018 Senate • Indefinitely postponed and withdrawn from consideration
    • Died in Governmental Oversight and Accountability

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  • SB 980, Original Filed Version (Current Bill Version) Posted 11/21/2017 at 10:05 AM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 1363 Publicly Funded Retirement Programs McClure Identical Last Action: 3/10/2018 H Died in Oversight, Transparency and Administration Subcommittee

    Citations - Statutes (8)

    Citation Catchline Location in Bill Location In Bill Help
    112.63 Actuarial reports and statements of actuarial impact; review. Page 2 (pdf)
    112.64 Administration of funds; amortization of unfunded liability. Page 9 (pdf)
    112.664 Reporting standards for defined benefit retirement plans or systems. Page 11 (pdf)
    112.665 Duties of Department of Management Services. Page 11 (pdf)
    121.031 Administration of system; appropriation; oaths; actuarial studies; public records. Page 13 (pdf)
    121.0312 Review; actuarial valuation report; contribution rate determination process. Page 15 (pdf)
    121.4501 Florida Retirement System Investment Plan. Page 16 (pdf)
    212.055 Discretionary sales surtaxes; legislative intent; authorization and use of proceeds. Page 19 (pdf)

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