2 An act relating to state financial matters; amending s.
106 average final compensation as defined in s. 121.021(24).
108 established position as defined in s. 121.021(52).
114 department of Management Services.
117 access, if the required information is captured online.
127 System Optional Retirement Program as established under s.
129 Retirement Program established under s. 121.35.
132 Deferred Retirement Option Program established under s.
136 Program established under s. 121.35.
137 (h)(g) "Employer" means an employer, as defined in s.
138 121.021(10), of an eligible employee.
139 (i) "Optional retirement program" or "optional program"
141 established under this part.
146 Program participant as described in subsection (21).
147 (i) "Public Employee Optional Retirement Program,"
155 de minimis account authorized by the state board.
163 Employee optional retirement program.
187 the programs offered by the Florida Retirement System.
190 section shall govern the transfer.
210 and methodology certified by an enrolled actuary.
220 that employee's actuarial accrued liability.
227 system amendment. Pursuant to s.
253 upgrade creditable service in that program.
259 shall be vested after completing 1 work year, as defined in s.
262 program or an optional retirement program authorized under s.
263 121.051(2)(c) or s. 121.055(6).
288 period for Florida Retirement System purposes.
305 eligible employee within 5 years after termination.
326 benefits available under the optional program.
362 to zero each fiscal year.
407 Trust Fund and are not subject to the provisions of chapter 717.
417 contracts, and any applicable board rule or policy.
420 employers, as provided in s. 121.021(39).
439 state board, any joint and several liability set out in s.
447 decision through the complaint process as provided under s.
451 section, s. 121.091(9), or s. 121.4501.
491 the contributions or accompanying payroll data are late.
522 party administrator, hired by the state board pursuant to s.
543 and the penalties charged to the employers.
553 employer only once one time each state fiscal year.
573 required by law to be invested by the board pursuant to ss.
583 thereof, or pursuant to the enrollment requirements stated in s.
589 such the trust agreement by the State Board of Administration.
592 term "state agency" has the same meaning as that provided in s.
594 local government" have the same meaning as that provided in s.
601 best interests of the state.
602 (b) In exercising investment authority pursuant to s.
605 carrying out the power specified in paragraph (a).
608 committee shall consist of three members appointed by the board.
611 shall annually elect a chair and vice chair from its membership.
622 and the executive director of the board.
626 independent third-party audit firm.
632 and investment activities of the board.
645 necessary to the overall management and investment of funds.
657 Board of Administration at a meeting of the board.
665 vacancy shall be filled for the remainder of the unexpired term.
668 as chair or vice chair.
673 fiduciary standards applicable to the board.
675 carry out its duties and responsibilities.
693 full faith and credit of the state, territory, or district.
697 the full faith and credit of the county or district involved.
698 (o) Bonds, notes, or obligations described in 26 U.S.C. s.
701 proceedings relating to bonds issued pursuant to s. 215.555(6).
712 least one nationally recognized statistical rating organization.
720 strategy of the board.
753 on the council or for 2 years thereafter.
766 the detriment of the trust funds and the board.
771 funds and the board.
788 whom business is conducted on behalf of the board.
801 behalf of the board.
813 or manager exercises on behalf of the board.
817 calendar year on a form prescribed by the board.
825 compliance, ethics, training, and audit procedures.
854 trustees exceed 15 days.
865 enforce its rights therein.
869 the board deems proper.
874 the manufacture or use of its work products by any other party.
876 instruments necessary to consummate any such sale.
878 execution of powers and duties provided under this section.
879 Section 15. This act shall take effect July 1, 2010.