s0380
1998
H

Senator Thomas moved the following amendment:
On page 24, between lines 8 and 9,
On page 1, line 30,



                                                  SENATE AMENDMENT

    Bill No. CS for SB 380

    Amendment No.    

                            CHAMBER ACTION
              Senate                               House
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10                                                                

11  Senator Thomas moved the following amendment:

12

13         Senate Amendment (with title amendment) 

14         On page 24, between lines 8 and 9,

15

16  insert:

17         Section 10.  Subsection (5) of section 121.30, Florida

18  Statutes, is amended to read:

19         121.30  Statements of purpose and intent and other

20  provisions required for qualification under the Internal

21  Revenue Code of the United States.--Any other provisions in

22  this chapter to the contrary notwithstanding, it is

23  specifically provided that:

24         (5)  No benefit payable hereunder for any limitation

25  year shall exceed the maximum amount, including cost-of-living

26  adjustments, allowable by law for qualified pension plans

27  under applicable provisions of the Internal Revenue Code of

28  the United States. In the event of any participation of a

29  Florida Retirement System member in any other plan that is

30  maintained by the participating employer, benefits that accrue

31  under the Florida Retirement System shall be considered

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                                                  SENATE AMENDMENT

    Bill No. CS for SB 380

    Amendment No.    





 1  "primary" for any aggregate limitation applicable under

 2  Internal Revenue Code Section 415.

 3

 4  [Renumber subsequent section(s).]

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

 8  And the title is amended as follows:

 9         On page 1, line 30, after the semicolon

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11  insert:

12         amending s. 121.30, F.S.; designating that

13         benefits accruing during limitation periods

14         under Internal Revenue Code Section 415, the

15         Florida Retirement System shall be considered

16         "primary";

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