FRS: Senate Bill 1114 Passes – One Step Closer To Becoming Law

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Florida Public Employees

 

APRIL 10, 2104

 

Florida_Senate

 

SENATE GOV. OVERSIGHT AND ACCOUNTABILITY COMMITTEE

PASSES

 

SB 1114: Florida Retirement System

 

GENERAL BILL by Community Affairs

Florida Retirement System; Requiring the Trustees of the State Board of Administration to establish the Florida Retirement System Cash Balance Plan; requiring employees and employers to make contributions for funding the plan; providing that the plan provide a lump-sum or annuity benefit; providing procedures for employees who are members of the pension plan or investment plan before a certain date to transfer to the cash balance plan; providing procedures for employees employed after a certain date to be enrolled in the investment plan or cash balance plan, etc.

Effective Date: 7/1/2015
Last Action: 4/7/2014 Senate – On Committee agenda– Governmental Oversight and Accountability, 04/10/14, 9:00 am, 412 Knott Building
Location: On agenda (GO)
Bill Text: Web Page | PDF

 

Active and retired FRS members are urged to contact your senator.  Tell them: As a voting constituent you oppose the passing of SB 1114.  Ask them to Vote against it.

 

–> Contact Information For All Members Of The Florida Senate <–

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