HB 973 -  Pension Plan Election under Florida Retirement System

General Bill by Temple
Pension Plan Election under Florida Retirement System: Authorizes certain eligible employees participating in FRS to make second election to move back to pension plan; requires DOR in DMS to notify employees eligible to make such election within specified timeframe; provides requirements for such election; provides that cost of such election is deferred until member's retirement; authorizes such cost to be amortized over certain period of time; prohibits such cost from exceeding specified percentage of member's retirement benefits.
Effective Date: July 1, 2024
Last Event: Died in Constitutional Rights, Rule of Law & Government Operations Subcommittee on Friday, March 8, 2024 2:25 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: SB 1022 Subject: Pension Plan Election Under the Florida Retirement System Relationship: Identical
Bill #: HB 1637 Subject: Special Risk Class of Florida Retirement System Relationship: Compare
Bill #: SB 1416 Subject: Special Risk Class of the Florida Retirement System Relationship: Compare

Bill Text

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Constitutional Rights, Rule of Law & Government Operations Subcommittee Time: 03/08/2024 - 2:25 PM Member: Committee: Constitutional Rights, Rule of Law & Government Operations Subcommittee Version: __
Event: H 1st Reading Time: 01/09/2024 - 11:31 PM Member: Committee: Version: __
Event: H Now in Constitutional Rights, Rule of Law & Government Operations Subcommittee Time: 01/05/2024 - 6:02 PM Member: Committee: Constitutional Rights, Rule of Law & Government Operations Subcommittee Version: __
Event: H Referred to State Affairs Committee Time: 01/05/2024 - 6:02 PM Member: Committee: State Affairs Committee Version: __
Event: H Referred to Appropriations Committee Time: 01/05/2024 - 6:02 PM Member: Committee: Appropriations Committee Version: __
Event: H Referred to Constitutional Rights, Rule of Law & Government Operations Subcommittee Time: 01/05/2024 - 6:02 PM Member: Committee: Constitutional Rights, Rule of Law & Government Operations Subcommittee Version: __
Event: H Filed Time: 12/20/2023 - 4:04 PM Member: Temple Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
121.122 SB 560, HB 971, SB 1022, HB 1089
121.4501 SB 1022, SB 1416, HB 1637