summary
Introduced
In Committee
Crossed Over
Passed
Dead
Signed/Enacted/Adopted
05/20/2013
05/20/2013
Introduced Session
2013 Regular Session
Bill Summary
Revising the employer contribution rates for the retiree health insurance subsidy; revising the required employer retirement contribution rates for members of each membership class and subclass of the Florida Retirement System, etc.
AI Summary
This bill revises contribution rates for the Florida Retirement System (FRS) to fund retiree health insurance subsidies and adjust employer retirement contributions. Specifically, it increases the employer's contribution for the retiree health insurance subsidy to 1.20% of gross compensation for most state-administered plans, effective July 1, 2013. Additionally, the bill modifies the required employer retirement contribution rates for various membership classes within the FRS, including the Regular Class, Special Risk Class, Special Risk Administrative Support Class, Elected Officers' Class, Senior Management Class, and DROP (Deferred Retirement Option Program), with these changes also taking effect on July 1, 2013, and aims to address unfunded actuarial liabilities of the system.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Governmental Oversight and Accountability (Senate)
Last Action
Chapter No. 2013-53, companion bill(s) passed, see SB 1500 (Ch. 2013-40) (on 05/20/2013)
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 | http://www.flsenate.gov/Session/Bill/2013/1810 |
| Senate Floor Conference Committee Amendment #801240 | http://www.flsenate.gov/Session/Bill/2013/1810/Amendment/801240/HTML |
| House Floor Strike All Amendment #257161 | http://www.flsenate.gov/Session/Bill/2013/1810/Amendment/257161/PDF |
| BillText | http://www.flsenate.gov/Session/Bill/2013/1810/BillText/er/HTML |
| BillText | http://www.flsenate.gov/Session/Bill/2013/1810/BillText/e1/HTML |
| Bill | http://www.flsenate.gov/Session/Bill/2013/1810/BillText/e1/PDF |
| Bill | http://www.flsenate.gov/Session/Bill/2013/1810/BillText/er/PDF |
| BillText | http://www.flsenate.gov/Session/Bill/2013/1810/BillText/Filed/HTML |
| Bill | http://www.flsenate.gov/Session/Bill/2013/1810/BillText/Filed/PDF |
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