CODING: Words stricken are deletions; words underlined are additions.





                                                   HOUSE AMENDMENT

                                                  Bill No. HB 1883

    Amendment No.     (for drafter's use only)

                            CHAMBER ACTION
              Senate                               House
                                   .
                                   .
 1                                 .
                                   .
 2                                 .
                                   .
 3                                 .
                                   .
 4                                                                

 5                                           ORIGINAL STAMP BELOW

 6

 7

 8

 9

10                                                                

11  Representative(s) Posey offered the following:

12

13         Amendment (with directory language and title

14  amendments) 

15         On page 31, line 16 through page 32, line 4

16  remove from the bill:  all of said lines

17

18  and insert in lieu thereof:

19         1.  The member is not a renewed member of the Florida

20  Retirement System under s. 121.122, or a member of the State

21  Community College System Optional Retirement Program under s.

22  121.051, the Senior Management Service Optional Annuity

23  Program under s. 121.055, or the optional retirement program

24  for the State University System under s. 121.35.

25         2.  Election to participate is made within 12 months

26  immediately following the date on which the member first

27  reaches normal retirement date, or, for a member who reaches

28  normal retirement date based on service before he or she

29  reaches age 62, or age 55 for Special Risk Class members,

30  election to participate may be deferred to the 12 months

31  immediately following the date the member attains 57, or age

                                  1

    File original & 9 copies    04/20/99
    hbd0020                     04:14 pm         01883-0032-245367




                                                   HOUSE AMENDMENT

                                                  Bill No. HB 1883

    Amendment No.     (for drafter's use only)





 1  52 50 for Special Risk Class members. For a member who first

 2  reached normal retirement date or the deferred eligibility

 3  date described above prior to the effective date of this

 4  section, election to participate shall be made within 12

 5  months after the effective date of this section.  A member who

 6  fails to make an election within such 12-month limitation

 7  period shall forfeit all rights to participate in the DROP.

 8  The member shall advise his or her employer and the division

 9  in writing of the date on which the DROP shall begin. Such

10  beginning date may be subsequent to the 12-month election

11  period, but must be within the 60-month limitation period as

12  provided in subparagraph (b)1. When establishing eligibility

13  of the member to participate in the DROP or the 60-month

14  maximum participation period, the member may elect to include

15  or exclude any optional service credit purchased by the member

16  from the total service used to establish the normal retirement

17  date. A member with dual normal retirement dates shall be

18  eligible to elect to participate in DROP within 12 months

19  after attaining normal retirement date in either class.

20         3.  The employer of a member electing to participate in

21  the DROP, or employers if dually employed, shall acknowledge

22  in writing to the division the date the member's participation

23  in the DROP begins and the date the member's employment and

24  DROP participation will terminate.

25         4.  Simultaneous employment of a participant by

26  additional Florida Retirement System employers subsequent to

27  the commencement of participation in the DROP shall be

28  permissible provided such employers acknowledge in writing a

29  DROP termination date no later than the participant's existing

30  termination date or the 60-month limitation period as provided

31  in subparagraph (b)1.

                                  2

    File original & 9 copies    04/20/99
    hbd0020                     04:14 pm         01883-0032-245367




                                                   HOUSE AMENDMENT

                                                  Bill No. HB 1883

    Amendment No.     (for drafter's use only)





 1         5.  A DROP participant may change employers while

 2  participating in the DROP, subject to the following:

 3         a.  A change of employment must take place without a

 4  break in service so that the member receives salary for each

 5  month of continuous DROP participation.  If a member receives

 6  no salary during a month, DROP participation shall cease

 7  unless the employer verifies a continuation of the employment

 8  relationship for such participant pursuant to s.

 9  121.021(39)(b).

10         b.  Such participant and new employer shall notify the

11  division on forms required by the division as to the identity

12  of the new employer.

13         c.  The new employer shall acknowledge, in writing, the

14  participant's DROP termination date, which may be extended but

15  not beyond the original 60-month period provided in

16  subparagraph (b)1., shall acknowledge liability for any

17  additional retirement contributions and interest required if

18  the participant fails to timely terminate employment, and

19  shall be subject to the adjustment required in

20  sub-subparagraph (c)5.d. (c)4.d.

21

22

23  == D I R E C T O R Y   L A N G U A G E   A M E N D M E N T ==

24  And the directory language is amended as follows:

25         On page 27, lines 22 and 23

26  remove:  all of said lines

27

28  and insert in lieu thereof:  (f) of subsection (7), and

29  paragraphs (a) and (i) of subsection (13) of section 121.091,

30

31

                                  3

    File original & 9 copies    04/20/99
    hbd0020                     04:14 pm         01883-0032-245367




                                                   HOUSE AMENDMENT

                                                  Bill No. HB 1883

    Amendment No.     (for drafter's use only)





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

 2  And the title is amended as follows:

 3         On page 2, between lines 9 and 10

 4  remove from the title of the bill:

 5

 6  and insert in lieu thereof:

 7         increasing the age at which a Special Risk

 8         Class Member must elect whether to participate

 9         in the Deferred Retirement Option Program;

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

                                  4

    File original & 9 copies    04/20/99
    hbd0020                     04:14 pm         01883-0032-245367