summary
Introduced
03/28/2019
03/28/2019
In Committee
03/28/2019
03/28/2019
Crossed Over
Passed
Dead
05/04/2019
05/04/2019
Introduced Session
2019 Regular Session
Bill Summary
Revises required employer retirement contribution rates for each membership class & subclass of FRS; provides declaration of important state interest.
AI Summary
This bill revises the required employer retirement contribution rates for each membership class and subclass of the Florida Retirement System (FRS). It increases the contribution rates for most classes, including the Regular Class, Special Risk Class, Elected Officers' Class, and Senior Management Class, to address the system's unfunded actuarial liabilities. The bill also includes a declaration of important state interest, recognizing the need to provide fair and adequate benefits to state and local government employees, officers, and retirees in an actuarially sound manner.
Sponsors (1)
Other Sponsors (1)
Appropriations Committee (H)
Last Action
Laid on Table, companion bill(s) passed, see SB 7016 (Ch. 2019-8), SB 2500 (Ch. 2019-115) (on 04/04/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.flsenate.gov/Session/Bill/2019/5007 |
| Bill | https://www.flsenate.gov/Session/Bill/2019/5007/BillText/Filed/PDF |
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