Local Bill
City of Tampa, Hillsborough County:
Revises General Employees' Pension Plan for city; revises definitions of terms "Salaries or Wages," "Employee," & "Military Service Time"; revises application of term "Actuarial Equivalent"; defines term "Limitation Year"; provides that all employee contributions to pension fund after certain date are mandatory & that city shall pay such contributions to fund on behalf of employee; provides certain beneficiaries option to roll over certain death benefits; provides for refund of employee contributions; revises construction of act; allows DROP members annual election to elect investment option, as determined by board of trustees, to be applied to participant's account for plan year entering DROP program & for each subsequent plan year; revises benefit limitations; revises requirements for distribution of benefits; provides default distribution when member fails to elect distribution option; revises direct rollover options; revises terms "eligible rollover distribution," "eligible rollover plan," & "distributee."
Effective Date:
October 1, 2010
Last Event:
Died in Government Operations Appropriations Committee on Friday, April 30, 2010 6:59 PM
Bill #
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Subject
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Relationship
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Bill #:
SB 2766
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Subject:
City of Tampa/Hillsborough County
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Relationship:
Identical
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