Bill Text | History of Actions | Background | Title |
Description: City of Gulfport; provide for additional annual benefit and ad hoc benefit increase for fire/police retirees.
Bill Text: [Introduced] [Committee Substitute] [Passed House] [Sent to Governor]
| 1 | 03/26 (H) Referred To Local and Private Legislation | |
| 2 | 03/27 (H) Title Suff Do Pass Comm Sub | |
| 3 | 03/28 (H) Committee Substitute Adopted | |
| 4 | 03/28 (H) Passed | |
| 5 | 03/28 (H) Transmitted To Senate | |
| 6 | 03/29 (S) Referred To Local and Private | |
| 7 | 03/31 (S) Title Suff Do Pass | |
| 8 | 04/01 (S) Passed | |
| 9 | 04/01 (S) Transmitted To House | |
| 10 | 04/02 (H) Enrolled Bill Signed | |
| 11 | 04/02 (S) Enrolled Bill Signed | |
| 12 | 04/19 Approved by Governor |
| Effective date | July 1, 2003 | |
| Disposition | Law | |
| Deadline | None | |
| Revenue | No | |
| Vote type required | Majority | |
| Chapter number | 950 |
House Committee:
Senate Committee:
Principal Author: Ishee
Additional Authors: Fredericks, Simpson, Janus, Peranich, Dedeaux, Barnett (116th)
Title: AN ACT TO AUTHORIZE THE GOVERNING AUTHORITIES OF THE CITY OF GULFPORT TO ESTABLISH THE PAYMENT OF AN ADDITIONAL BENEFIT EACH YEAR TO ALL RETIRED MEMBERS OF THE CITY OF GULFPORT DISABILITY AND RELIEF FUND FOR FIREMEN AND POLICEMEN OR BENEFICIARIES THEREOF WHO ARE RECEIVING A RETIREMENT ALLOWANCE; TO PROVIDE THAT THE ADDITIONAL BENEFIT SHALL BE BASED ON EACH FULL FISCAL YEAR AFTER JUNE 30, 2002, THAT THE MEMBER OR BENEFICIARY THEREOF HAS ACTUALLY DRAWN RETIREMENT PAYMENTS FROM THE DATE OF RETIREMENT; TO PROVIDE THAT THE AMOUNT OF THE ADDITIONAL BENEFIT WILL BE EQUAL TO THE ANNUAL PERCENTAGE CHANGE IN THE CONSUMER PRICE INDEX, BUT NOT MORE THAN 3% IN ANY ONE YEAR, MULTIPLIED BY THE ANNUAL RETIREMENT ALLOWANCE; TO PROVIDE THAT THE ADDITIONAL BENEFIT SHALL BE CUMULATIVE SO THAT NO RETIREE OR BENEFICIARY WILL RECEIVE AN ADDITIONAL BENEFIT IN ANY YEAR THAT IS LESS THAN THE ADDITIONAL BENEFIT RECEIVED IN THE PREVIOUS YEAR; TO PROVIDE THAT THE CUMULATIVE PERCENTAGE OF THE ADDITIONAL BENEFIT SHALL NOT EXCEED 27%; TO PROVIDE THAT FOR THOSE MEMBERS WHO RETIRED BEFORE JULY 1, 2001, AND BENEFICIARIES THEREOF, THE ADDITIONAL BENEFIT SHALL BE IN ADDITION TO THE ADDITIONAL PAYMENT RECEIVED IN FISCAL YEAR 2002 UNDER THE PROVISIONS OF CHAPTER 926 OR 934, LOCAL AND PRIVATE LAWS OF 2001; TO PROVIDE THAT THE GOVERNING AUTHORITIES OF THE CITY OF GULFPORT MAY PROVIDE A ONE-TIME AD HOC INCREASE IN THE RETIREMENT ALLOWANCE OF ALL RETIREES OF THE CITY OF GULFPORT DISABILITY AND RELIEF FUND FOR FIREMEN AND POLICEMEN WHO RETIRED BEFORE SEPTEMBER 1, 2001; TO PROVIDE THAT THE ADDITIONAL BENEFIT AND THE AD HOC BENEFIT INCREASE SHALL NOT BE MADE UNLESS THE DISABILITY AND RELIEF FUND CURRENTLY IS ACTUARIALLY SOUND AND WILL REMAIN ACTUARIALLY SOUND IF THE ADDITIONAL BENEFIT AND THE AD HOC BENEFIT INCREASE ARE MADE; AND FOR RELATED PURPOSES.
End Of Document
2003/html/History/HB/HB1660.htm