Bill Amendment: FL S7030 | 2017 | Regular Session

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: Benefits and Salaries for Public Employees

Status: 2017-05-05 - Died on Calendar, companion bill(s) passed, see SB 7022 (Ch. 2017-88) [S7030 Detail]

Download: Florida-2017-S7030-Senate_Committee_Amendment_435512.html

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       Florida Senate - 2017                        COMMITTEE AMENDMENT
       Bill No. SPB 7030
       
       
       
       
       
       
                                Ì435512zÎ435512                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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       The Committee on Governmental Oversight and Accountability
       (Rouson) recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 1298 - 1316
    4  and insert:
    5         Section 11. Subsections (4) and (5) of section 121.72,
    6  Florida Statutes, are amended to read:
    7         121.72 Allocations to investment plan member accounts;
    8  percentage amounts.—
    9         (4) Effective July 1, 2002, through June 30, 2012, and
   10  effective July 1, 2017, allocations from the Florida Retirement
   11  System Contributions Clearing Trust Fund to investment plan
   12  member accounts are as follows:
   13  
   14  Membership Class                  Percentage of Gross Compensation 
   15  
   16  Regular Class                                  9.00%               
   17  Special Risk Class                             20.00%              
   18  Special Risk Administrative Support Class              11.35%              
   19  Elected Officers’ Class— Legislators, Governor, Lt. Governor, Cabinet Officers, State Attorneys, Public Defenders              13.40%              
   20  Elected Officers’ Class— Justices, Judges              18.90%              
   21  Elected Officers’ Class— County Elected Officers              16.20%              
   22  Senior Management Service Class                10.95%              
   23  
   24         (5) Effective July 1, 2012, through June 30, 2017,
   25  allocations from the Florida Retirement System Contributions
   26  Clearing Trust Fund to investment plan member accounts are as
   27  follows:
   28  
   29  Membership Class                  Percentage of Gross Compensation 
   30  
   31  Regular Class                                  6.30%               
   32  Special Risk Class                             14.00%              
   33  Special Risk Administrative Support Class              7.95%               
   34  Elected Officers’ Class— Legislators, Governor, Lt. Governor, Cabinet Officers, State Attorneys, Public Defenders              9.38%               
   35  Elected Officers’ Class— Justices, Judges              13.23%              
   36  Elected Officers’ Class— County Elected Officers              11.34%              
   37  Senior Management Service Class                7.67%               
   38  
   39         Section 12. (1) In order to fund the benefit changes
   40  provided in this act, the required employer contribution rate
   41  for members of the Florida Retirement System established in s.
   42  121.71(4), Florida Statutes, are adjusted as follows:
   43         (a) The Regular Class is increased by 0.50 percentage
   44  point.
   45         (b) The Special Risk Class is increased by 0.98 percentage
   46  point.
   47         (c) The Special Risk Administrative Support Class is
   48  increased by 1.13 percentage point.
   49         (d) The Elected Officers’ Class—Legislators, Governor, Lt.
   50  Governor, Cabinet Officers, State Attorneys, and Public
   51  Defenders is increased by 1.03 percentage point.
   52         (e) The Elected Officers’ Class—Justices, Judges is
   53  increased by 0.51 percentage point.
   54         (f) The Elected Officers’ Class—County Elected Officers is
   55  increased by 1.52 percentage point.
   56         (g) The Senior Management Service Class is increased by
   57  0.84 percentage point.
   58  
   59  ================= T I T L E  A M E N D M E N T ================
   60  And the title is amended as follows:
   61         Delete line 76
   62  and insert:
   63         cancer research programs by a certain date; amending
   64         s. 121.72, F.S.; revising allocations from the Florida
   65         Retirement System Contributions Clearing Trust Fund to
   66         investment plan member accounts on a certain date;
   67         revising