Senate Bill sb1990

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    Florida Senate - 2001        (NP)                      SB 1990

    By Senators Sebesta, Lee, Miller and Crist





    20-474-01                                               See HB

  1                      A bill to be entitled

  2         An act relating to the City of Tampa,

  3         Hillsborough County; amending s. 3(B), chapter

  4         23559, Laws of Florida, 1945, as amended;

  5         providing for membership in Division B of the

  6         General Employees' Retirement Plan; amending s.

  7         7, chapter 23559, Laws of Florida, 1945, as

  8         amended; providing for certain employees to

  9         elect to receive credit in the General

10         Employees' Retirement Plan under certain

11         conditions; amending s. 17, chapter 23559, Laws

12         of Florida, 1945, as amended; providing for

13         certain elective officers, department heads,

14         and appointive officers to elect to receive

15         credit in the General Employees' Retirement

16         Plan under certain conditions; repealing

17         chapter 86-405, Laws of Florida, and all other

18         laws in conflict herewith; providing an

19         effective date.

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21  Be It Enacted by the Legislature of the State of Florida:

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23         Section 1.  Subsection (B) of section 3 of chapter

24  23559, Laws of Florida, 1945, as amended, is amended to read:

25         Section 3.  Division of the Retirement Fund. The

26  retirement fund for the general employees of the City of Tampa

27  shall be deemed to be divided into two divisions to be

28  designated Division A and Division B:

29         (A)  Division A of this system shall include all those

30  members of the General Employees Retirement Plan created by

31  chapter 23559, Laws of Florida, 1945, as amended, who were

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    Florida Senate - 2001        (NP)                      SB 1990
    20-474-01                                               See HB




  1  employed prior to October 1, 1981, and who did not elect

  2  pursuant to the provisions of section 7 to become members of

  3  Division B.

  4         (B)  Division B of this system shall include all

  5  general employees of the City of Tampa employed on or after

  6  October 1, 1981, all employees of Division A who elected

  7  pursuant to section 7 to become members of Division B,

  8  employees employed with the City prior to October 1, 1981, who

  9  elect pursuant to the provisions of section 7(E) to become

10  members of Division B, and elective officers, department

11  heads, and appointive officers, working with the City prior to

12  October 1, 1981, who elect pursuant to the provisions of

13  section 17 to become members of Division B.

14         Section 2.  Subsection (E) is added to section 7 of

15  chapter 23559, Laws of Florida, 1945, as amended, to read:

16         Section 7. Election.

17         (E)  All employees employed with the City prior to

18  October 1, 1981, who are not members of the Plan, who have

19  continuously worked for the City from the time period they

20  initially began working for the City and who are employed with

21  the City in a full-time position on or after January 1, 2001,

22  may become members of Division B with approval by a majority

23  vote of the members of the Tampa City Council by December 31,

24  2001, and be entitled to the benefits attendant to such

25  membership from the time period they elect to commence

26  participation in the Fund if they comply with the following:

27         1.  Notify the City, in writing, at any time between

28  July 1, 2001, and December 31, 2001, of their desire to

29  participate in Division B of the Fund and the time period upon

30  which such participation shall commence; and

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    Florida Senate - 2001        (NP)                      SB 1990
    20-474-01                                               See HB




  1         2.  By September 30, 2002, pay into the Fund a sum of

  2  money equal to the aggregate contributions, plus compound

  3  interest thereon at the rate of 8 percent per annum, which

  4  they would have paid into the Fund had they participated in

  5  the Fund from the time period they elect to commence

  6  participation in the Fund.

  7         Section 3.  Subsection (C) is added to section 17 of

  8  chapter 23559, Laws of Florida, 1945, as amended, to read:

  9         Section 17. Officers.

10         (C)  Elective officers, department heads, and

11  appointive officers working for the City prior to October 1,

12  1981, who are not members of the Plan, who have continuously

13  worked for the City from the time period they initially began

14  working for the City and who are working for the City in a

15  full-time position on or after January 1, 2001, may become

16  members of Division B with approval by a majority vote of the

17  members of the Tampa City Council by December 31, 2001, and be

18  entitled to the benefits attendant to such membership from the

19  time period they elect to commence participation in the Fund

20  if they comply with the following:

21         1.  Notify the City, in writing, at any time between

22  July 1, 2001, and December 31, 2001, of their desire to

23  participate in Division B of the Fund and the time period upon

24  which such participation shall commence; and

25         2.  By September 30, 2002, pay into the Fund a sum of

26  money equal to the aggregate contributions, plus compound

27  interest thereon at the rate of 8 percent per annum, which

28  they would have paid into the Fund had they participated in

29  the Fund from the time period they elect to commence

30  participation in the Fund.

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    Florida Senate - 2001        (NP)                      SB 1990
    20-474-01                                               See HB




  1         Section 4.  Chapter 86-405, Laws of Florida, and all

  2  other laws or parts of laws in conflict herewith are hereby

  3  repealed to the extent of such conflict.

  4         Section 5.  This act shall take effect upon becoming a

  5  law.

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