Bill Summary

HB 7011 Florida Retirement System (2013 Session)
Florida Retirement System: Limits ability of members of optional retirement program to transfer to FRS; provides for compulsory membership in FRS Investment Plan for employees initially enrolled after specified date; provides for compulsory membership in investment plan for certain employees; prohibits certain membership in Senior Management Service Class or Senior Management Service Optional Annuity Program; provides that certain participants in optional retirement program for State University System have choice between optional retirement program & FRS Investment Plan; requires SBA to develop investment products to be offered in investment plan; requires SBA to provide self-directed brokerage account as investment option; requires state board to contract with provider to provide self-directed brokerage account investment option; provides self-directed brokerage account requirements; deletes obligation of system employers to communicate existence of both retirement plans; provides additional death benefit to specified members of the Special Risk Class; limits disability benefits to eligible members; adjusts required employer contribution rates for unfunded actuarial liability of FRS for select classes; provides that act fulfills important state interest; requires SBA & DMS to request determination letter from IRS. Effective Date: July 1, 2013
02/07/13
HOUSE 
Filed (Formerly PCB GVOPS1)
02/20/13
HOUSE 
Referred to Appropriations Committee; State Affairs Committee
02/20/13
HOUSE 
Now in Appropriations Committee
03/06/13
HOUSE 
On Committee agenda - Appropriations Committee, 03/08/13, 10:00 am, 212 K
03/08/13
HOUSE 
Favorable with CS by Appropriations Committee; 13 Yeas, 9 Nays
03/11/13
HOUSE 
Committee Substitute Text (C1) Filed
03/11/13
HOUSE 
Now in State Affairs Committee
03/12/13
HOUSE 
On Committee agenda - State Affairs Committee, 03/14/13, 9:00 am, 17 H
03/14/13
HOUSE 
Favorable with CS by State Affairs Committee; 12 Yeas, 6 Nays
03/15/13
HOUSE 
Committee Substitute Text (C2) Filed
03/18/13
HOUSE 
Placed on Calendar, on 2nd reading
03/19/13
HOUSE 
Placed on Special Order Calendar for 03/21/13
03/21/13
HOUSE 
Read Second Time
03/22/13
HOUSE 
Read Third Time; Amendments Withdrawn (805139, 299145); Passed (Vote: 74 Yeas / 42 Nays)
04/02/13
SENATE
In Messages
04/03/13
SENATE
Received; Referred to Governmental Oversight and Accountability; Community Affairs; Appropriations
04/30/13
SENATE
Withdrawn from Governmental Oversight and Accountability; Community Affairs; Appropriations; Placed on Calendar, on 2nd reading; Substituted for SB 1392; Read Second Time; Amendment Failed (268786); Temporarily Postponed on Second Reading; On Unfinished Business
05/03/13
SENATE
Died on Calendar
7011
Filed on 02/07/13
PDF
Amendment 756889
Filed on 03/07/13
Adopted
7011C1
Filed on 03/11/13
PDF
Amendment 103773
Filed on 03/14/13
Adopted
Amendment 210427
Filed on 03/14/13
Adopted
7011C2
Filed on 03/15/13
PDF
Amendment 417309
Filed on 03/20/13
Withdrawn
Amendment 805139
Filed on 03/21/13
Withdrawn
Amendment 299145 SA
Filed on 03/22/13
Withdrawn
Amendment 773000
Filed on 04/29/13
Withdrawn
Amendment 677732 SA
Filed on 04/29/13
Withdrawn
Amendment 750668 DE
Filed on 04/29/13
Pending
Amendment 268786 SA
Filed on 04/29/13
Failed on 2nd Reading
121.051
121.052
121.055
121.35
121.4501
121.591
238.072
413.051
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