SENATE AMENDMENT

    Bill No. HB 369, 1st Eng.

    Amendment No.    

                            CHAMBER ACTION
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11  Senator Geller moved the following amendment:

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13         Senate Amendment (with title amendment) 

14         On page 1, between lines 13 and 14,

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16  insert:

17         Section 1.  Paragraph (c) of subsection (29) of section

18  121.021, Florida Statutes, is amended to read:

19         121.021  Definitions.--The following words and phrases

20  as used in this chapter have the respective meanings set forth

21  unless a different meaning is plainly required by the context:

22         (29)  "Normal retirement date" means the first day of

23  any month following the date a member attains one of the

24  following statuses:

25         (c)  If a Senior Management Service Class member, the

26  member:

27         1.  Completes 7 years of creditable service in the

28  Senior Management Service Class and attains age 62; or

29         2.  Completes 30 years of any creditable service,

30  regardless of age, which may include a maximum of 4 years of

31  military service credit as long as such credit is not claimed

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                                                  SENATE AMENDMENT

    Bill No. HB 369, 1st Eng.

    Amendment No.    





 1  under any other system; or.

 2         3.  Either meets the criteria set forth in subparagraph

 3  1. or subparagraph 2. or completes 20 or more years of any

 4  creditable service, including at least 5 years of creditable

 5  service in the Senior Management Service Class, regardless of

 6  age, and, during the period between October 1, 2000, and June

 7  30, 2002, inclusive, either elects to participate in the

 8  Florida Retirement System Deferred Retirement Option Program

 9  (DROP) or terminates employment. A member who qualifies under

10  this subparagraph shall receive a percentage value of 3

11  percent for each year of creditable service in the Senior

12  Management Service Class; the calculation for the average

13  final compensation for the benefit shall be based upon the

14  member's 3 highest years of salary earned during the member's

15  covered employment; and all associated costs for a member to

16  upgrade service performed within the purview of the Senior

17  Management Service Class shall be retroactive to October 1,

18  1987, and shall be the proportionate responsibility of the

19  employers for whom the member worked during the member's

20  covered employment.

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22  "Normal retirement age" is attained on the "normal retirement

23  date."

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25  (Redesignate subsequent sections.)

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

29  And the title is amended as follows:

30         On page 1, lines 2-10, delete those lines

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                                                  SENATE AMENDMENT

    Bill No. HB 369, 1st Eng.

    Amendment No.    





 1  and insert:

 2   An act relating to employees in the Senior Management Service

 3  Class of the Florida Retirement System; amending ss. 121.021,

 4  121.055, F.S.; adding assistant state attorneys, assistant

 5  statewide prosecutors, and assistant public defenders to the

 6  Senior Management Service Class of the Florida Retirement

 7  System; authorizing the state courts to pay selected exempt

 8  service benefits to judicial assistants; creating a

 9  one-time-only normal retirement incentive program for members

10  of the Senior Management Service Class; providing an effective

11  date.

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