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Miami

Cypen & Cypen
SPECIAL SUPPLEMENT

for
July 28, 2015

Stephen H. Cypen, Esq., Editor

2015 Legislation


During the 2015 Session, two bills were passed by the Florida Legislature and signed into law by Governor Scott with general applicability to many of Florida’s local government retirement systems or plans.

Chapter 2015-039, Laws of Florida (SB 172) substantially amended Chapters 175 and 185, Florida Statutes, which govern the municipal and special district police officer and firefighter pension plans operating under these chapters.

Chapter 2015-157, Laws of Florida (HB 1309) amended provisions in part VII of Chapter 112, Florida Statutes, which requires all local government pension plans to be funded in an actuarially sound manner.

The Division of Retirement has prepared a list of questions and answers to help clarify the statutory provisions for affected plans. Here is a link to those questions and answers: http://goo.gl/7NeRv2.

In addition, the division will be holding three one-hour webinars to discuss these legislative changes. To better prepare for the webinars, the division requests that interested parties submit any additional questions in writing to Local_Ret@dms.myflorida.com prior to August 3, 2015. Please use the subject line: “Legislative question.”

The webinars will be held on August 10, 2015 at 10:00 a.m. and 2:00 p.m., and on August 11, 2015 at 10:00 a.m. Instructions on how to register for these programs will be provided via email next week.

Copyright, 1996-2015, all rights reserved.

Items in this Newsletter may be excerpts or summaries of original or secondary source material, and may have been reorganized for clarity and brevity. This Newsletter is general in nature and is not intended to provide specific legal or other advice.


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