HOUSE AMENDMENT

                                            Bill No. CS/CS/HB 3491

    Amendment No.     (for drafter's use only)

                            CHAMBER ACTION
              Senate                               House
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 5                                           ORIGINAL STAMP BELOW

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11  Representative(s) Boyd offered the following:

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13         Amendment (with title amendment) 

14         On page 3, lines 3 through 28,

15  remove from the bill:  all said lines

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17  and insert in lieu thereof:

18         Section 1.  Paragraph (d) of subsection (3) and

19  paragraph (e) of subsection (8) of section 112.363, Florida

20  Statutes, are added to read:

21         112.363  Retiree health insurance subsidy.--

22         (3)  RETIREE HEALTH INSURANCE SUBSIDY AMOUNT.--

23         (d)  Beginning January 1, 1999, each eligible retiree

24  or, if the retiree is deceased, his or her beneficiary who is

25  receiving a monthly benefit from such retiree's account and

26  who is a spouse, or a person who meets the definition of joint

27  annuitant in s. 121.021(28), shall receive a monthly retiree

28  health insurance subsidy payment equal to the number of years

29  of creditable service, as defined in s. 121.021(17), completed

30  at the time of retirement multiplied by $5; however, no

31  eligible retiree or such beneficiary may receive a subsidy

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    File original & 9 copies    04/21/98
    hgo0002                     02:00 pm         03491-0010-803767




                                                   HOUSE AMENDMENT

                                            Bill No. CS/CS/HB 3491

    Amendment No.     (for drafter's use only)





 1  payment of more than $150 or less than $50.  If there are

 2  multiple beneficiaries, the total payment must not be greater

 3  than the payment to which the retiree was entitled.

 4         (8)  CONTRIBUTIONS.--For purposes of funding the

 5  insurance subsidy provided by this section:

 6         (e)  Beginning July 1, 1998, the employer of each

 7  member of a state-administered retirement plan shall

 8  contribute 0.94 percent of gross compensation each pay period.

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10  Such contributions shall be submitted to the Division of

11  Retirement and deposited in the Retiree Health Insurance

12  Subsidy Trust Fund.

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    File original & 9 copies    04/21/98
    hgo0002                     02:00 pm         03491-0010-803767