More Senate Retirement Mayhem

This is another bill that proposes changes in the Florida Retirement System including that retirement contributions made by the employer will be subject to taxes. Please comment if you can add insight to this bill. Information is not easy to come by and Florida’s public employees need your help.

Florida Senate2010                             CS for SB 2022
      
      
      
       By the Policy and Steering Committee on Ways and Means; and
       Senator Alexander
      
      
      
       576-03752-10                                          20102022c1
    1                        A bill to be entitled                     
    2         An act relating to the Florida Retirement System;
    3         amending s. 121.011, F.S.; deleting a provision
    4         ensuring certain rights of members of the system;
    5         providing for employee and employer contributions;
    6         providing that the rights of members are of a
    7         contractual nature; amending s. 121.021, F.S.;
    8         redefining the terms “prior service,” “termination,”
    9         “benefit,” and “payee”; amending s. 121.051, F.S.;
   10         requiring that a local governmental entity or the
   11         governing body of a charter school or charter
   12         technical career center make certain elections
   13         regarding benefits at the time the entity or governing
   14         body joins the Florida Retirement System;

The Policy Steering Committee on Ways and Means Committee Vote Record from Thursday March 25, 2010

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