summary
Introduced
01/22/2020
01/22/2020
In Committee
01/23/2020
01/23/2020
Crossed Over
Passed
Dead
03/19/2020
03/19/2020
Introduced Session
2020 Regular Session
Bill Summary
Revising required employer retirement contribution rates for each membership class and subclass of the Florida Retirement System; providing a declaration of important state interest, etc.
AI Summary
This bill revises the required employer contribution rates for each membership class and subclass of the Florida Retirement System, effective July 1, 2020. The bill increases the contribution rates for most membership classes, such as the Regular Class, Special Risk Class, and Elected Officers' Classes, to address the system's unfunded actuarial liabilities. The bill also includes a declaration of important state interest, stating that the legislation serves a proper and legitimate state purpose in providing fair and adequate benefits to state and local government employees, officers, and retirees.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Governmental Oversight and Accountability (Senate)
Last Action
Laid on Table, refer to HB 5007 (on 02/13/2020)
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/2020/7044 |
| BillText | https://www.flsenate.gov/Session/Bill/2020/7044/BillText/Filed/HTML |
| Bill | https://www.flsenate.gov/Session/Bill/2020/7044/BillText/Filed/PDF |
| BillText | https://www.flsenate.gov/Session/Bill/2020/7044/BillText/pb/HTML |
| Bill | https://www.flsenate.gov/Session/Bill/2020/7044/BillText/pb/PDF |
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