summary
Introduced
02/05/2020
02/05/2020
In Committee
02/13/2020
02/13/2020
Crossed Over
02/13/2020
02/13/2020
Passed
02/13/2020
02/13/2020
Dead
Signed/Enacted/Adopted
06/29/2020
06/29/2020
Introduced Session
2020 Regular Session
Bill Summary
An act relating to state-administered retirement systems; amending s. 121.71, F.S.; revising required employer retirement contribution rates for each membership class and subclass of the Florida Retirement System; providing a declaration of important state interest; providing an effective date.
AI Summary
This bill amends the Florida Retirement System by revising the required employer contribution rates for each membership class and subclass of the system, effective July 1, 2020. The bill also includes a declaration of important state interest, stating that providing fair and adequate retirement benefits to state and local government employees, officers, and retirees, as well as their dependents, is a proper and legitimate state purpose that must be managed in an actuarially sound manner as required by the state constitution.
Committee Categories
Government Affairs
Sponsors (1)
Other Sponsors (1)
Appropriations Committee (House)
Last Action
Chapter No. 2020-116 (on 06/29/2020)
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/2020/5007 |
| Bill | https://www.flsenate.gov/Session/Bill/2020/5007/BillText/er/PDF |
| Bill | https://www.flsenate.gov/Session/Bill/2020/5007/BillText/Filed/PDF |
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