Florida Senate - 2005 SENATOR AMENDMENT
Bill No. CS for SB 1368
Barcode 634900
CHAMBER ACTION
Senate House
.
.
1 1/AD/2R .
03/22/2005 10:20 AM .
2 .
.
3 .
.
4 ______________________________________________________________
5
6
7
8
9
10 ______________________________________________________________
11 Senator Aronberg moved the following amendment:
12
13 Senate Amendment (with title amendment)
14 On page 21, between lines 10 and 11,
15
16 insert: Section 3. Paragraph (b) of subsection (8) of
17 section 121.091, Florida Statutes, is amended to read:
18 121.091 Benefits payable under the system.--Benefits
19 may not be paid under this section unless the member has
20 terminated employment as provided in s. 121.021(39)(a) or
21 begun participation in the Deferred Retirement Option Program
22 as provided in subsection (13), and a proper application has
23 been filed in the manner prescribed by the department. The
24 department may cancel an application for retirement benefits
25 when the member or beneficiary fails to timely provide the
26 information and documents required by this chapter and the
27 department's rules. The department shall adopt rules
28 establishing procedures for application for retirement
29 benefits and for the cancellation of such application when the
30 required information or documents are not received.
31 (8) DESIGNATION OF BENEFICIARIES.--
1
6:33 PM 03/21/05 s1368.27ju.001
Florida Senate - 2005 SENATOR AMENDMENT
Bill No. CS for SB 1368
Barcode 634900
1 (b) A designated beneficiary of a retirement account
2 for whom there is a monetary interest may disclaim his or her
3 monetary interest as provided in chapter 739 s. 689.21, and in
4 accordance with division rules governing such disclaimers.
5 Such disclaimer must be filed within 24 months after the event
6 that created the interest, that is, the death of the member or
7 annuitant.
8 Section 4. Subsection (1) of section 710.121, Florida
9 Statutes, is amended to read:
10 710.121 Renunciation, resignation, death, or removal
11 of custodian; designation of successor custodian.--
12 (1) A person nominated under s. 710.104 or designated
13 under s. 710.111 as custodian may decline to serve by
14 delivering a valid disclaimer under chapter 739 s. 689.21 to
15 the person who made the nomination or to the transferor or the
16 transferor's legal representative. If the event giving rise
17 to a transfer has not occurred and no substitute custodian
18 able, willing, and eligible to serve was nominated under s.
19 710.104, the person who made the nomination may nominate a
20 substitute custodian under s. 710.104; otherwise, the
21 transferor or the transferor's legal representative shall
22 designate a substitute custodian at the time of the transfer,
23 in either case from among the persons eligible to serve as
24 custodian for that kind of property under s. 710.111(1). The
25 custodian so designated has the rights of a successor
26 custodian.
27
28 (Redesignate subsequent sections.)
29
30
31
2
6:33 PM 03/21/05 s1368.27ju.001
Florida Senate - 2005 SENATOR AMENDMENT
Bill No. CS for SB 1368
Barcode 634900
1 ================ T I T L E A M E N D M E N T ===============
2 And the title is amended as follows:
3 On page 2, line 13, after the semicolon
4
5 insert: amending ss. 121.091 and 710.121, F.S., to conform;
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
3
6:33 PM 03/21/05 s1368.27ju.001