Florida Senate - 2022 SENATOR AMENDMENT
Bill No. HB 5007
Ì383086=Î383086
LEGISLATIVE ACTION
Senate . House
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Floor: 1/R/2R .
03/14/2022 12:52 PM .
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Senator Brandes moved the following:
1 Senate Amendment (with title amendment)
2
3 Delete everything after the enacting clause
4 and insert:
5 Section 1. Paragraph (j) is added to subsection (8) of
6 section 112.363, Florida Statutes, to read:
7 112.363 Retiree health insurance subsidy.—
8 (8) CONTRIBUTIONS.—For purposes of funding the insurance
9 subsidy provided by this section:
10 (j) Beginning July 1, 2022, the employer of each member of
11 a state-administered plan shall contribute 1.50 percent of gross
12 compensation each pay period.
13
14 Such contributions shall be submitted to the Department of
15 Management Services and deposited in the Retiree Health
16 Insurance Subsidy Trust Fund.
17 Section 2. Paragraph (d) of subsection (7) of section
18 121.052, Florida Statutes, is amended to read:
19 121.052 Membership class of elected officers.—
20 (7) CONTRIBUTIONS.—
21 (d) The following table states the required employer
22 contribution on behalf of each member of the Elected Officers’
23 Class in terms of a percentage of the member’s gross
24 compensation. Such contribution constitutes the entire health
25 insurance subsidy contribution with respect to each such member.
26 A change in the contribution rate is effective with the first
27 salary paid on or after the beginning date of the change. The
28 retiree health insurance subsidy contribution rate is as
29 follows:
30
31 Dates of Contribution Rate Changes ContributionRate
32
33 October 1, 1987, through December 31, 1988 0.24%
34 January 1, 1989, through December 31, 1993 0.48%
35 January 1, 1994, through December 31, 1994 0.56%
36 January 1, 1995, through June 30, 1998 0.66%
37 July 1, 1998, through June 30, 2001 0.94%
38 July 1, 2001, through June 30, 2013 1.11%
39 July 1, 2013, through June 30, 2014 1.20%
40 July 1, 2014, through June 30, 2015 1.26%
41 Effective July 1, 2015, through June 30, 2022 1.66%
42 Effective July 1, 2022 1.50%
43
44 Such contributions and accompanying payroll data are due and
45 payable no later than the 5th working day of the month
46 immediately following the month during which the payroll period
47 ended and shall be deposited by the administrator in the Retiree
48 Health Insurance Subsidy Trust Fund.
49 Section 3. Paragraph (d) of subsection (3) of section
50 121.055, Florida Statutes, is amended to read:
51 121.055 Senior Management Service Class.—There is hereby
52 established a separate class of membership within the Florida
53 Retirement System to be known as the “Senior Management Service
54 Class,” which shall become effective February 1, 1987.
55 (3)
56 (d) The following table states the required employer
57 contribution on behalf of each member of the Senior Management
58 Service Class in terms of a percentage of the member’s gross
59 compensation. Such contribution constitutes the entire health
60 insurance subsidy contribution with respect to each such member.
61 A change in the contribution rate is effective with the first
62 salary paid on or after the beginning date of the change. The
63 retiree health insurance subsidy contribution rate is as
64 follows:
65
66 Dates of Contribution Rate Changes ContributionRate
67
68 October 1, 1987, through December 31, 1988 0.24%
69 January 1, 1989, through December 31, 1993 0.48%
70 January 1, 1994, through December 31, 1994 0.56%
71 January 1, 1995, through June 30, 1998 0.66%
72 July 1, 1998, through June 30, 2001 0.94%
73 July 1, 2001, through June 30, 2013 1.11%
74 July 1, 2013, through June 30, 2014 1.20%
75 July 1, 2014, through June 30, 2015 1.26%
76 Effective July 1, 2015, through June 30, 2022 1.66%
77 Effective July 1, 2022 1.50%
78
79 Such contributions and accompanying payroll data are due and
80 payable no later than the 5th working day of the month
81 immediately following the month during which the payroll period
82 ended and shall be deposited by the administrator in the Retiree
83 Health Insurance Subsidy Trust Fund.
84 Section 4. Subsection (4) of section 121.071, Florida
85 Statutes, is amended to read:
86 121.071 Contributions.—Contributions to the system shall be
87 made as follows:
88 (4) The following table states the required employer
89 contribution on behalf of each member of the Regular Class,
90 Special Risk Class, or Special Risk Administrative Support Class
91 in terms of a percentage of the member’s gross compensation.
92 Such contribution constitutes the entire health insurance
93 subsidy contribution with respect to each such member. A change
94 in the contribution rate is effective with the first salary paid
95 on or after the beginning date of the change. The retiree health
96 insurance subsidy contribution rate is as follows:
97
98 Dates of Contribution Rate Changes ContributionRate
99
100 October 1, 1987, through December 31, 1988 0.24%
101 January 1, 1989, through December 31, 1993 0.48%
102 January 1, 1994, through December 31, 1994 0.56%
103 January 1, 1995, through June 30, 1998 0.66%
104 July 1, 1998, through June 30, 2001 0.94%
105 July 1, 2001, through June 30, 2013 1.11%
106 July 1, 2013, through June 30, 2014 1.20%
107 July 1, 2014, through June 30, 2015 1.26%
108 Effective July 1, 2015, through June 30, 2022 1.66%
109 Effective July 1, 2022 1.50%
110
111 Such contributions shall be deposited by the administrator in
112 the Retiree Health Insurance Subsidy Trust Fund.
113 Section 5. Subsections (4) and (5) of section 121.71,
114 Florida Statutes, are amended to read:
115 121.71 Uniform rates; process; calculations; levy.—
116 (4) Required employer retirement contribution rates for
117 each membership class and subclass of the Florida Retirement
118 System for both retirement plans are as follows:
119
120 Membership Class Percentage ofGrossCompensation,EffectiveJuly 1, 2022 2021
121
122 Regular Class 5.16% 4.91%
123 Special Risk Class 15.91% 15.27%
124 Special Risk Administrative Support Class 9.91% 9.73%
125 Elected Officers’ Class— Legislators, Governor, Lt. Governor, Cabinet Officers, State Attorneys, Public Defenders 8.34% 8.49%
126 Elected Officers’ Class— Justices, Judges 13.90% 13.38%
127 Elected Officers’ Class— County Elected Officers 10.31% 10.28%
128 Senior Management Class 6.83% 6.49%
129 DROP 7.77% 7.23%
130
131 (5) In order to address unfunded actuarial liabilities of
132 the system, the required employer retirement contribution rates
133 for each membership class and subclass of the Florida Retirement
134 System for both retirement plans are as follows:
135
136 Membership Class Percentage ofGrossCompensation,EffectiveJuly 1, 2022 2021
137
138 Regular Class 4.23% 4.19%
139 Special Risk Class 9.53% 8.90%
140 Special Risk Administrative Support Class 26.16% 26.31%
141 Elected Officers’ Class— Legislators, Governor, Lt. Governor, Cabinet Officers, State Attorneys, Public Defenders 56.76% 53.52%
142 Elected Officers’ Class— Justices, Judges 27.64% 25.81%
143 Elected Officers’ Class— County Elected Officers 43.98% 39.42%
144 Senior Management Service Class 22.15% 20.80%
145 DROP 9.15% 9.45%
146
147 Section 6. The Legislature finds that a proper and
148 legitimate state purpose is served when employees, officers, and
149 retirees of the state and its political subdivisions, and the
150 dependents, survivors, and beneficiaries of such employees,
151 officers, and retirees, are extended the basic protections
152 afforded by governmental retirement systems. These persons must
153 be provided benefits that are fair and adequate and that are
154 managed, administered, and funded in an actuarially sound manner
155 as required by s. 14, Article X of the State Constitution and
156 part VII of chapter 112, Florida Statutes. Therefore, the
157 Legislature determines and declares that this act fulfills an
158 important state interest.
159 Section 7. This act shall take effect July 1, 2022.
160
161 ================= T I T L E A M E N D M E N T ================
162 And the title is amended as follows:
163 Delete everything before the enacting clause
164 and insert:
165 A bill to be entitled
166 An act relating to retirement; amending ss. 112.363,
167 121.052, 121.055, and 121.071, F.S.; revising the
168 employer contribution rates for the retiree health
169 insurance subsidy as of a specified date; amending s.
170 121.71, F.S.; revising required employer retirement
171 contribution rates for each membership class of the
172 Florida Retirement System; providing a declaration of
173 important state interest; providing an effective date.