HOUSE AMENDMENT

                                  Bill No. CS/CS/HB 3491, 1st Eng.

    Amendment No. 02 (for drafter's use only)

                            CHAMBER ACTION
              Senate                               House
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 5                                           ORIGINAL STAMP BELOW

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10                                                                

11  Representative(s) Boyd offered the following:

12

13         Amendment (with title amendment) 

14         On page 19, line 28 through page 26, line 27,

15  remove from the bill:  all of said lines

16

17  and insert in lieu thereof:

18         Section 5.  Paragraph (b) of subsection (1) and

19  paragraphs (a) and (c) of subsection (3) of section 121.055,

20  Florida Statutes, are amended to read:

21         121.055  Senior Management Service Class.--There is

22  hereby established a separate class of membership within the

23  Florida Retirement System to be known as the "Senior

24  Management Service Class," which shall become effective

25  February 1, 1987.

26         (1)

27         (b)1.  Except as provided in subparagraph 2., effective

28  January 1, 1990, participation in the Senior Management

29  Service Class shall be compulsory for the president of each

30  community college, the manager of each participating city or

31  county, and all appointed district school superintendents.

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    File original & 9 copies    04/27/98
    hgo0002                     10:45 am         03491-0010-651343




                                                   HOUSE AMENDMENT

                                  Bill No. CS/CS/HB 3491, 1st Eng.

    Amendment No. 02 (for drafter's use only)





 1  Effective January 1, 1994, additional positions may be

 2  designated for inclusion in the Senior Management Service

 3  Class of the Florida Retirement System, provided that:

 4         a.  Positions to be included in the class shall be

 5  designated by the local agency employer.  Notice of intent to

 6  designate positions for inclusion in the class shall be

 7  published once a week for 2 consecutive weeks in a newspaper

 8  of general circulation published in the county or counties

 9  affected, as provided in chapter 50.

10         b.  One nonelective full-time position may be

11  designated for each local agency employer reporting to the

12  Division of Retirement; for local agencies with 100 200 or

13  more regularly established positions, additional nonelective

14  full-time positions may be designated, not to exceed 1 0.5

15  percent of the regularly established positions within the

16  agency.

17         c.  Each position added to the class must be a

18  managerial or policymaking position filled by an employee who

19  is not subject to continuing contract and serves at the

20  pleasure of the local agency employer without civil service

21  protection, and who:

22         (I)  Heads an organizational unit; or

23         (II)  Has responsibility to effect or recommend

24  personnel, budget, expenditure, or policy decisions in his or

25  her areas of responsibility.

26         2.  In lieu of participation in the Senior Management

27  Service Class, members of the Senior Management Service Class

28  pursuant to the provisions of subparagraph 1. may withdraw

29  from the Florida Retirement System altogether and participate

30  in a lifetime monthly annuity program which may be provided by

31  the employing agency.  The cost to the employer for such

                                  2

    File original & 9 copies    04/27/98
    hgo0002                     10:45 am         03491-0010-651343




                                                   HOUSE AMENDMENT

                                  Bill No. CS/CS/HB 3491, 1st Eng.

    Amendment No. 02 (for drafter's use only)





 1  annuity shall equal the normal cost portion of the

 2  contributions required in the Senior Management Service Class.

 3  The employer providing such annuity shall contribute an

 4  additional amount to the Florida Retirement System Trust Fund

 5  equal to the unfunded actuarial accrued liability portion of

 6  the Senior Management Service Class contribution rate. The

 7  decision to participate in such local government annuity shall

 8  be irrevocable for as long as the employee holds a position

 9  eligible for the annuity.  Any service creditable under the

10  Senior Management Service Class shall be retained after the

11  member withdraws from the Florida Retirement System; however,

12  additional service credit in the Senior Management Service

13  Class shall not be earned after such withdrawal.  Such members

14  shall not be eligible to participate in the Senior Management

15  Service Optional Annuity Program.

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17

18  ================ T I T L E   A M E N D M E N T ===============

19  And the title is amended as follows:

20         On page 1, lines 15 through 21,

21  remove from the title of the bill:  all of said lines

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23  and insert in lieu thereof:

24   Senior Management Service Class; changing contribution rates

25  for

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    File original & 9 copies    04/27/98
    hgo0002                     10:45 am         03491-0010-651343