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FL H1141

Bill

Official Source

Status

Passed

4/9/2018

Primary Sponsor

Local, Federal and Veterans Affairs Subcommittee

Click for details

Origin

House of Representatives

2018 Regular Session

AI Summary

  • Creates the Firefighters' Relief and Pension Fund Defined Contribution Plan for the City of Pensacola, governed by Florida Statutes section 175.351
  • Plan receives 50 percent of insurance premium tax revenues exceeding the amount received in calendar year 2012
  • Plan funding may be suspended if the city and collective bargaining units mutually agree to an alternative use of the funds
  • Benefits provided through individual accounts compliant with Internal Revenue Code section 401(a)
  • City shall not be required to levy additional taxes or make other contributions to the defined contribution plan
  • Takes effect upon becoming law

Legislative Description

Firefighters' Relief and Pension Fund of the City of Pensacola, Escambia County

Last Action

Chapter No. 2018-181

4/9/2018

Committee Referrals

Rules2/21/2018
Government Accountability Committee1/23/2018
Oversight, Transparency and Administration Subcommittee1/17/2018
Local, Federal and Veterans Affairs Subcommittee1/7/2018

Full Bill Text

No bill text available