FL H1095

Prohibits State Board of Administration employees and trustees with investment authority or recommendation responsibility from working for investment firms doing business with the board for 3 years after termination, with a waiver option if the position is eliminated.

Subjects former employees who violate the postemployment restriction to penalties under Florida Statutes section 112.317.

Prohibits investment firms employing former board employees with investment authority from doing business with the board for 3 years following the employee's termination, with the same waiver exception for eliminated positions.

Subjects investment firms that violate the restriction to disgorgement of half their profits from board business during the violation period, capped at $1 million per former employee.

Requires the board to provide the Chief Financial Officer with identity and termination dates of affected former employees within 15 days of termination.