Senate PCBs for Consideration by Community Affairs
Florida Retirement System: Requiring the Trustees of the State Board of Administration to establish the Florida Retirement System Cash Balance Plan; requiring employees and employers to make contributions for funding the plan; providing that the plan provide a lump-sum or annuity benefit; providing procedures for employees who are members of the pension plan or investment plan before a certain date to transfer to the cash balance plan; providing procedures for employees employed after a certain date to be enrolled in the investment plan or cash balance plan, etc.
Effective Date: 07/01/2015
Last Event: 02/19/14 S Submit as committee bill by Community Affairs (SB 1114) on Wednesday, February 19, 2014 10:41 AM
Track bill here