SENATE AMENDMENT

    Bill No. CS for SB 380

    Amendment No.    

                            CHAMBER ACTION
              Senate                               House
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11  Senator Klein moved the following amendment:

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13         Senate Amendment (with title amendment) 

14         On page 2, line 12,

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16  insert:

17         Section 1.  Paragraph (b) of subsection (6) of section

18  112.215, Florida Statutes, is amended to read:

19         112.215  Government employees; deferred compensation

20  program.--

21         (6)

22         (b)  No deferred compensation plan of a county,

23  municipality, or other political subdivision shall become

24  effective until the appropriate official or body designated by

25  ordinance is satisfied by opinion from such federal agency or

26  agencies as may be deemed necessary that the compensation

27  deferred thereunder and/or the investment products purchased

28  pursuant to the plan will not be included in the employee's

29  taxable income under federal or state law until it is actually

30  received by such employee under the terms of the plan, and

31  that such compensation will nonetheless be deemed compensation

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                                                  SENATE AMENDMENT

    Bill No. CS for SB 380

    Amendment No.    





 1  at the time of deferral for the purposes of social security

 2  coverage, for the purposes of the retirement system of the

 3  appropriate county, municipality, or political subdivision,

 4  and for any other retirement, pension, or benefit program

 5  established by law.

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 7  (Redesignate subsequent sections.)

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

11  And the title is amended as follows:

12         On page 1, line 2, after the semicolon

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14  insert:

15         amending s. 112.215, F.S.; eliminating federal

16         agency opinion from specified deferred

17         compensation plans;

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