Florida House Bill 525 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Republican 5-2)
Status: Failed on March 9 2012 - 100% progression
Action: 2012-03-09 - Died in State Affairs Committee, companion bill(s) passed, see CS/HB 7079 (Ch.
Text: Latest bill text (Comm Sub) [PDF]

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.

State Retirement

House Appropriations Committee	Sen. Frank Artiles [R]	Rep. Matthew Caldwell [R]	Rep. Richard Corcoran [R]
House Government Operations Subcommittee	Sen. Greg Steube [R]	Rep. Ritch Workman [R]

Date	Chamber	Action
2012-03-09		Died in State Affairs Committee, companion bill(s) passed, see CS/HB 7079 (Ch.
2012-02-23		On Committee agenda-- State Affairs Committee, 02/24/12, 8:00 am, Reed Hall --Temporarily deferred
2012-02-20		CS/CS by Appropriations Committee read 1st time -HJ 674
2012-02-20		Now in State Affairs Committee -HJ 682
2012-02-17		Pending review of CS under Rule 7.19(c)
2012-02-15		CS/CS by Appropriations Committee; YEAS 12 NAYS 8 -HJ 683
2012-02-13		On Committee agenda-- Appropriations Committee, 02/15/12, 8:00 am, Webster Hall
2012-02-06		Now in Appropriations Committee -HJ 525
2012-02-03		CS by Government Operations Subcommittee read 1st time -HJ 463
2012-02-03		Pending review of CS under Rule 7.19(c)
2012-01-31		CS by Government Operations Subcommittee; YEAS 7 NAYS 6 -HJ 467
2012-01-27		On Committee agenda-- Government Operations Subcommittee, 01/31/12, 9:00 am, Morris Hall
2012-01-10		Introduced -HJ 54
2011-11-04		Referred to Government Operations Subcommittee; Appropriations Committee; State Affairs Committee -HJ 54
2011-10-31		Filed

Chapter	Article	Section	Citation Type	Statute Text
1012	875		Amended Code	See Bill Text
121	021		Amended Code	See Bill Text
121	055		Amended Code	See Bill Text
121	091		Amended Code	See Bill Text
121	35		Amended Code	See Bill Text
121	4501		Amended Code	See Bill Text
121	591		Amended Code	See Bill Text
121	71		Amended Code	See Bill Text

Type	Source
Summary	http://www.flsenate.gov/Session/Bill/2012/525
Text	http://www.flsenate.gov/Session/Bill/2012/0525/BillText/Filed/HTML
Text	http://www.flsenate.gov/Session/Bill/2012/0525/BillText/c1/PDF
Text	http://www.flsenate.gov/Session/Bill/2012/0525/BillText/c2/PDF