CS/CS/HB 239: Florida Retirement System

GENERAL BILL by Appropriations Committee, Constitutional Rights, Rule of Law & Government Operations Subcommittee, Busatta, Casello; (CO-INTRODUCERS) Abbott, Altman, Alvarez, D., Anderson, Arrington, Baker, Bankson, Barnaby, Bartleman, Basabe, Bell, Beltran, Benjamin, Berfield, Black, Borrero, Bracy Davis, Canady, Caruso, Cassel, Chaney, Cross, Daley, Duggan, Edmonds, Eskamani, Fabricio, Fernandez-Barquin, Franklin, Gantt, Garcia, Giallombardo, Gonzalez Pittman, Gossett-Seidman, Gottlieb, Gregory, Griffitts, Harris, Hart, Hawkins, Holcomb, Hunschofsky, Jacques, Joseph, Killebrew, Koster, LaMarca, Leek, López, J., Lopez, V., Maggard, Maney, McFarland, Mooney, Overdorf, Plakon, Plasencia, Porras, Rizo, Roth, Salzman, Shoaf, Silvers, Sirois, Skidmore, Smith, Snyder, Stark, Steele, Tant, Trabulsy, Valdés, Waldron, Williams, Woodson, Yarkosky, Yeager

Florida Retirement System; Revises provisions relating to Special Risk Class normal retirement date, DROP participation, interest accrual rates, COLA, employer retirement contribution rates, investment plan member accounts, member disability coverage, & line-of-duty death benefit coverage.

Current Bill Version Posted: 3/28/2023 06:16 PM

• Related Bills (4)

  Bill Number Subject Filed By Last Action and Location	Relationship Learn more about bill relationships
  H 5001 by Appropriations Committee General Appropriations Act Last Action: 4/4/2023 H Laid on Table; companion bill(s) passed, see SB 2500 (Ch. 2023-239), CS/CS/HB 1285 (Ch. 2023-167), HB 5101 (Ch. 2023-245), HB 5303 (Ch. 2023-246), SB 2502 (Ch. 2023-240), SB 2504 (Ch. 2023-241), SB 2506 (Ch. 2023-242), SB 2510 (Ch. 2023-243), SB 7018 (Ch. 2023-244), SB 7024 (Ch. 2023-193), SB 7030 (Ch. 2023-265)	Compare
  S 224 (c1) by Hooper Special Risk Class Retirement Date Last Action: 5/5/2023 S Died in Appropriations	Compare
  S 2500 (er) by Appropriations Appropriations Last Action: 3/11/2024 S Line Item Veto message transmitted to Secretary of State	Compare
  S 7024 (er) by Governmental Oversight and Accountability Retirement Last Action: 6/6/2023 Chapter No. 2023-193, companion bill(s) passed, see SB 2500 (Ch. 2023-239)	Compare

• Analyses (1)

  Links in this section are PDF documents.

  • Appropriations Committee (Post-Meeting)   3/30/2023

• Citations - Statute (9)

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  121.021	Definitions.	Page 2 (pdf)
  121.053	Participation in the Elected Officers’ Class for retired members.	Page 3 (pdf)
  121.091	Benefits payable under the system.	Page 4 (pdf)
  121.101	Cost-of-living adjustment of benefits.	Page 24 (pdf)
  121.4501	Florida Retirement System Investment Plan.	Page 25 (pdf)
  121.71	Uniform rates; process; calculations; levy.	Page 31 (pdf)
  121.72	Allocations to investment plan member accounts; percentage amounts.	Page 34 (pdf)
  121.73	Allocations for member disability coverage; percentage amounts.	Page 36 (pdf)
  121.735	Allocations for member line-of-duty death benefits; percentage amounts.	Page 39 (pdf)

• Bill History

  S = Senate, H = House

  1/18/2023	H	• Filed
  1/25/2023	H	• Referred to Constitutional Rights, Rule of Law & Government Operations Subcommittee • Referred to Appropriations Committee • Referred to State Affairs Committee • Now in Constitutional Rights, Rule of Law & Government Operations Subcommittee
  3/7/2023	H	• Added to Constitutional Rights, Rule of Law & Government Operations Subcommittee agenda • 1st Reading (Original Filed Version)
  3/9/2023	H	• Favorable with CS by Constitutional Rights, Rule of Law & Government Operations Subcommittee • Reported out of Constitutional Rights, Rule of Law & Government Operations Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 1)
  3/13/2023	H	• Referred to Appropriations Committee • Referred to State Affairs Committee • Now in Appropriations Committee
  3/24/2023	H	• PCS added to Appropriations Committee agenda
  3/28/2023	H	• Favorable with CS by Appropriations Committee • Reported out of Appropriations Committee • Laid on Table under Rule 7.18(a) • CS Filed • Original reference removed: State Affairs Committee • Bill referred to House Calendar
  3/29/2023	H	• Bill added to Special Order Calendar (4/3/2023) • 1st Reading (Committee Substitute 2)
  4/3/2023	H	• Read 2nd time • Placed on 3rd reading • Added to Third Reading Calendar
  4/4/2023	H	• Substituted CS/SB 7024 • Laid on Table; companion bill(s) passed, see SB 2500 (Ch. 2023-239), CS/SB 7024 (Ch. 2023-193)