House Bill 0127

    Florida House of Representatives - 2000                 HB 127

        By Representatives Fiorentino, Feeney and Fasano






  1                      A bill to be entitled

  2         An act relating to the Florida Retirement

  3         System; amending s. 121.091, F.S.; increasing

  4         the disability retirement benefit for members

  5         of the special risk class; providing an

  6         effective date.

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  8  Be It Enacted by the Legislature of the State of Florida:

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10         Section 1.  Paragraph (f) of subsection (4) of section

11  121.091, Florida Statutes, is amended to read:

12         121.091  Benefits payable under the system.--Benefits

13  may not be paid under this section unless the member has

14  terminated employment as provided in s. 121.021(39)(a) or

15  begun participation in the Deferred Retirement Option Program

16  as provided in subsection (13), and a proper application has

17  been filed in the manner prescribed by the department. The

18  department may cancel an application for retirement benefits

19  when the member or beneficiary fails to timely provide the

20  information and documents required by this chapter and the

21  department's rules. The department shall adopt rules

22  establishing procedures for application for retirement

23  benefits and for the cancellation of such application when the

24  required information or documents are not received.

25         (4)  DISABILITY RETIREMENT BENEFIT.--

26         (f)  Computation of disability retirement benefit.--The

27  amount of each monthly payment shall be computed in the same

28  manner as for a normal retirement benefit, in accordance with

29  subsection (1), but shall be based on disability option

30  actuarial equivalency tables and the average monthly

31  compensation and creditable service of the member as of the

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






    Florida House of Representatives - 2000                 HB 127

    730-105A-00






  1  disability retirement date, subject to the following

  2  conditions:

  3         1.  If the member's disability occurred in the line of

  4  duty, the monthly Option 1 benefit shall not be less than:

  5         a.  Forty-two 42 percent of average monthly

  6  compensation as of the disability retirement date; or

  7         b.  Sixty-five percent of the average monthly

  8  compensation as of the disability retirement date for a member

  9  of the special risk class; or

10         2.  If the member's disability occurred other than in

11  the line of duty, the monthly Option 1 benefit shall not be

12  less than 25 percent of average monthly compensation as of the

13  disability retirement date.

14         Section 2.  This act shall take effect January 1, 2001.

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17                          HOUSE SUMMARY

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      Increases the disability retirement benefit payable to
19    special risk members of the Florida Retirement System
      from 42 percent to 65 percent of the average monthly
20    compensation as of the disability retirement date.

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