summary
Introduced
02/01/2018
02/01/2018
In Committee
02/08/2018
02/08/2018
Crossed Over
02/08/2018
02/08/2018
Passed
02/08/2018
02/08/2018
Dead
Signed/Enacted/Adopted
03/20/2018
03/20/2018
Introduced Session
2018 Regular Session
Bill Summary
Revises required employer retirement contribution rates for members of certain membership classes & subclasses of FRS; provides finding of important state interest.
AI Summary
This bill revises the required employer retirement contribution rates for members of certain membership classes and subclasses of the Florida Retirement System (FRS). The bill increases the contribution rates for various membership classes, including the Regular Class, Special Risk Class, Elected Officers' Classes, and others, to address the system's unfunded actuarial liabilities. The bill also includes a finding that this act serves an important state interest in providing fair and adequate benefits to state and local government employees, officers, retirees, and their dependents, and that the benefits must be managed, administered, and funded in an actuarially sound manner.
Committee Categories
Government Affairs
Sponsors (1)
Other Sponsors (1)
Appropriations Committee (H)
Last Action
Chapter No. 2018-12 (on 03/20/2018)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.flsenate.gov/Session/Bill/2018/5007 |
| Bill | http://www.flsenate.gov/Session/Bill/2018/5007/BillText/er/PDF |
| Bill | http://www.flsenate.gov/Session/Bill/2018/5007/BillText/Filed/PDF |
Loading...