HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
CHAMBER ACTION
Senate House
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4 ______________________________________________________________
5 ORIGINAL STAMP BELOW
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10 ______________________________________________________________
11 Representative(s) Lacasa offered the following:
12
13 Amendment (with title amendment)
14 On page 1, line 20, through page 7, line 11,
15 remove from the bill: all of said lines
16
17 and insert in lieu thereof:
18 Section 1. Paragraph (a) of subsection (7) of section
19 121.052, Florida Statutes, is amended to read:
20 121.052 Membership class of elected officers.--
21 (7) CONTRIBUTIONS.--
22 (a) The following table states the required retirement
23 contribution rates for members of the Elected Officers' Class
24 and their employers in terms of a percentage of the member's
25 gross compensation. A change in a contribution rate is
26 effective with the first salary paid on or after the beginning
27 date of the change. Contributions shall be made or deducted as
28 may be appropriate for each pay period and are in addition to
29 the contributions required for social security and the Retiree
30 Health Insurance Subsidy Trust Fund.
31
1
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 Dates of Contribution
2 Rate Changes Members Employers
3
4 July 1, 1972, through September 30, 1977
5 Legislators 8% 8%
6 All Other Members 8% 8%
7
8 October 1, 1977, through September 30, 1978
9 Legislators 8% 8%
10 All Other Members 4% 12%
11
12 October 1, 1978, through September 30, 1979
13 Legislators 8% 10.57%
14 All Other Members 4% 16.78%
15
16 October 1, 1979, through September 30, 1981
17 Legislators 8% 10.57%
18 Governor, Lt. Governor, Cabinet
19 Officers 4% 16.78%
20 All Other Members 0% 20.78%
21
22 July 1, 1981, through June 30, 1984
23 County Elected Officers 0% 19.30%
24
25 July 1, 1984, through September 30, 1984
26 County Elected Officers 0% 20.25%
27
28 October 1, 1981, through September 30, 1984
29 Legislators 0% 19.30%
30 Governor, Lt. Governor, Cabinet
31 Officers 0% 21.03%
2
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 State Attorneys, Public Defenders 0% 20.95%
2 Justices, Judges 0% 22.55%
3
4 October 1, 1984, through September 30, 1986
5 Legislators 0% 10.98%
6 Governor, Lt. Governor, Cabinet
7 Officers 0% 10.98%
8 State Attorneys, Public Defenders 0% 10.98%
9 Justices, Judges 0% 21.79%
10 County Elected Officers 0% 16.97%
11
12 October 1, 1986, through December 31, 1988
13 Legislators 0% 11.50%
14 Governor, Lt. Governor, Cabinet
15 Officers 0% 11.50%
16 State Attorneys, Public Defenders 0% 11.50%
17 Justices, Judges 0% 20.94%
18 County Elected Officers 0% 17.19%
19
20 January 1, 1989, through December 31, 1989
21 Legislators 0% 13.70%
22 Governor, Lt. Governor, Cabinet
23 Officers 0% 13.70%
24 State Attorneys, Public Defenders 0% 13.70%
25 Justices, Judges 0% 22.58%
26 County Elected Officers 0% 18.44%
27
28 January 1, 1990, through December 31, 1990
29 Legislators 0% 15.91%
30 Governor, Lt. Governor, Cabinet
31 Officers 0% 15.91%
3
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 State Attorneys, Public Defenders 0% 15.91%
2 Justices, Judges 0% 24.22%
3 County Elected Officers 0% 19.71%
4
5 January 1, 1991, through December 31, 1991
6 Legislators 0% 17.73%
7 Governor, Lt. Governor, Cabinet
8 Officers 0% 17.73%
9 State Attorneys, Public Defenders 0% 17.73%
10 Justices, Judges 0% 26.63%
11 County Elected Officers 0% 23.32%
12
13 January 1, 1992, through December 31, 1992
14 Legislators 0% 19.94%
15 Governor, Lt. Governor, Cabinet
16 Officers 0% 19.94%
17 State Attorneys, Public Defenders 0% 19.94%
18 Justices, Judges 0% 28.27%
19 County Elected Officers 0% 24.59%
20
21 January 1, 1993, through December 31, 1993
22 Legislators 0% 22.14%
23 Governor, Lt. Governor, Cabinet
24 Officers 0% 22.14%
25 State Attorneys, Public Defenders 0% 22.14%
26 Justices, Judges 0% 29.91%
27 County Elected Officers 0% 25.84%
28
29 January 1, 1994, through December 31, 1994
30 Legislators 0% 22.65%
31 Governor, Lt. Governor, Cabinet
4
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 Officers 0% 22.65%
2 State Attorneys, Public Defenders 0% 22.65%
3 Justices, Judges 0% 30.52%
4 County Elected Officers 0% 26.07%
5
6 January 1, 1995, through December 31, 1995
7 Legislators 0% 22.80%
8 Governor, Lt. Governor, Cabinet
9 Officers 0% 22.80%
10 State Attorneys, Public Defenders 0% 22.80%
11 Justices, Judges 0% 30.21%
12 County Elected Officers 0% 27.48%
13
14 January 1, 1996, through June 30, 1996
15 Legislators 0% 22.90%
16 Governor, Lt. Governor, Cabinet
17 Officers 0% 22.90%
18 State Attorneys, Public Defenders 0% 22.90%
19 Justices, Judges 0% 30.15%
20 County Elected Officers 0% 27.54%
21
22 July 1, 1996, through June 30, 1998
23 Legislators 0% 23.07%
24 Governor, Lt. Governor, Cabinet
25 Officers 0% 23.07%
26 State Attorneys, Public Defenders 0% 23.07%
27 Justices, Judges 0% 29.55%
28 County Elected Officers 0% 27.33%
29
30 July 1, 1998, through June 30, 1999
31 Legislators 0% 22.33%
5
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 Governor, Lt. Governor, Cabinet
2 Officers 0% 22.33%
3 State Attorneys, Public Defenders 0% 22.33%
4 Justices, Judges 0% 27.21%
5 County Elected Officers 0% 26.99%
6
7 Effective July 1, 1999
8 Legislators 0% 14.31%
9 Governor, Lt. Governor, Cabinet
10 Officers 0% 14.31%
11 State Attorneys, Public Defenders 0% 14.31%
12 Justices, Judges 0% 20.48%
13 County Elected Officers 0% 17.05%
14
15 Effective July 1, 2001
16 Legislators 0% 15.14%
17 Governor, Lt. Governor, Cabinet
18 Officers 0% 15.14%
19 State Attorneys, Public Defenders 0% 15.14%
20 Justices, Judges 0% 20.61%
21 County Elected Officers 0% 17.61%
22
23 Section 2. Paragraph (a) of subsection (3) of section
24 121.055, Florida Statutes, is amended to read:
25 121.055 Senior Management Service Class.--There is
26 hereby established a separate class of membership within the
27 Florida Retirement System to be known as the "Senior
28 Management Service Class," which shall become effective
29 February 1, 1987.
30 (3)(a) The following table states the required
31 retirement contribution rates for members of the Senior
6
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 Management Service Class and their employers in terms of a
2 percentage of the member's gross compensation. A change in the
3 contribution rate is effective with the first salary paid on
4 or after the beginning date of the change. Contributions
5 shall be made for each pay period and are in addition to the
6 contributions required for social security and the Retiree
7 Health Insurance Subsidy Trust Fund.
8
9 Dates of Contribution
10 Rate Changes Members Employers
11
12 February 1, 1987, through
13 December 31, 1988 0% 13.88%
14 January 1, 1989, through
15 December 31, 1989 0% 14.95%
16 January 1, 1990, through
17 December 31, 1990 0% 16.04%
18 January 1, 1991, through
19 December 31, 1991 0% 18.39%
20 January 1, 1992, through
21 December 31, 1992 0% 19.48%
22 January 1, 1993, through
23 December 31, 1993 0% 20.55%
24 January 1, 1994, through
25 December 31, 1994 0% 23.07%
26 January 1, 1995, through
27 December 31, 1995 0% 23.88%
28 January 1, 1996, through
29 June 30, 1996 0% 24.14%
30 July 1, 1996, through
31 June 30, 1998 0% 21.58%
7
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 July 1, 1998, through
2 June 30, 1999 0% 23.10%
3 Effective July 1, 1999
4 0% 11.19%
5 Effective July 1, 2001 0% 11.73%
6
7 Section 3. Subsection (1) of section 121.071, Florida
8 Statutes, is amended to read:
9 121.071 Contributions.--Contributions to the system
10 shall be made as follows:
11 (1) The following tables state the required retirement
12 contribution rates for members of the Regular Class, Special
13 Risk Class, or Special Risk Administrative Support Class and
14 their employers in terms of a percentage of the member's gross
15 compensation. A change in a contribution rate is effective
16 with the first salary paid on or after the beginning date of
17 the change. Contributions shall be made or deducted as may be
18 appropriate for each pay period and are in addition to the
19 contributions required for social security and the Retiree
20 Health Insurance Subsidy Trust Fund.
21 (a) Retirement contributions for regular members are
22 as follows:
23
24 Dates of Contribution
25 Rate Changes Members Employers
26
27 December 1, 1970, through December
28 31, 1974, for state agencies, state
29 universities, community colleges,
30 and district school boards 4% 4%
31
8
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1
2 December 1, 1970, through September
3 30, 1975, for all other local
4 government agencies 4% 4%
5
6 January 1, 1975, through September
7 30, 1978, for state agencies and
8 state universities 0% 9%
9
10 January 1, 1975, through July 31,
11 1978, for community colleges and
12 district school boards 0% 9%
13
14 October 1, 1975, through September
15 30, 1978, for all other local
16 government agencies 0% 9%
17
18 August 1, 1978, through September 30,
19 1981, for community colleges and
20 district school boards 0% 9.1%
21
22 October 1, 1978, through September
23 30, 1981, for all other agencies 0% 9.1%
24
25 October 1, 1981, through
26 September 30, 1984 0% 10.93%
27 October 1, 1984, through
28 September 30, 1986 0% 12.24%
29 October 1, 1986, through
30 December 31, 1988 0% 13.14%
31 January 1, 1989, through
9
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 December 31, 1989 0% 13.90%
2 January 1, 1990, through
3 December 31, 1990 0% 14.66%
4 January 1, 1991, through
5 December 31, 1991 0% 15.72%
6 January 1, 1992, through
7 December 31, 1992 0% 16.51%
8 January 1, 1993, through
9 December 31, 1993 0% 17.27%
10 January 1, 1994, through
11 December 31, 1994 0% 17.10%
12 January 1, 1995, through
13 December 31, 1995 0% 16.91%
14 January 1, 1996, through
15 June 30, 1996 0% 17.00%
16 July 1, 1996, through
17 June 30, 1998 0% 16.77%
18 July 1, 1998, through
19 June 30, 1999 0% 15.51%
20 Effective July 1, 1999
21 0% 9.21%
22 Effective July 1, 2001 0% 9.91%
23
24 (b) Retirement contributions for special risk members
25 are as follows:
26
27 Dates of Contribution
28 Rate Changes Members Employers
29
30 December 1, 1970, through
31 September 30, 1974 6% 6%
10
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1
2 October 1, 1974, through December 31,
3 1974, for state agencies, state
4 universities, community colleges,
5 and district school boards 8% 8%
6
7 October 1, 1974, through September
8 30, 1975, for all other local
9 government agencies 8% 8%
10
11 January 1, 1975, through September
12 30, 1978, for state agencies, state
13 universities, community colleges,
14 and district school boards 0% 13%
15
16 October 1, 1975, through September
17 30, 1978, for other local
18 government agencies 0% 13%
19
20 October 1, 1978, through
21 September 30, 1981 0% 13.95%
22 October 1, 1981, through
23 September 30, 1984 0% 13.91%
24 October 1, 1984, through
25 September 30, 1986 0% 14.67%
26 October 1, 1986, through
27 December 31, 1988 0% 15.11%
28 January 1, 1989, through
29 December 31, 1989 0% 17.50%
30 January 1, 1990, through
31 December 31, 1990 0% 19.90%
11
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 January 1, 1991, through
2 December 31, 1991 0% 25.52%
3 January 1, 1992, through
4 December 31, 1992 0% 26.35%
5 January 1, 1993, through
6 December 31, 1993 0% 27.14%
7 January 1, 1994, through
8 December 31, 1994 0% 27.03%
9 January 1, 1995, through
10 December 31, 1995 0% 26.83%
11 January 1, 1996, through
12 June 30, 1996 0% 26.84%
13 July 1, 1996, through
14 June 30, 1998 0% 26.44%
15 July 1, 1998, through
16 June 30, 1999 0% 24.38%
17 July 1, 1999, through
18 June 30, 2000 0% 20.22%
19 Effective July 1, 2000
20 0% 20.35%
21 Effective July 1, 2001 0% 22.07%
22
23 (c) Retirement contributions for special risk
24 administrative support members are as follows:
25
26 Dates of Contribution
27 Rate Changes Members Employers
28
29 July 1, 1982, through
30 September 30, 1984 0% 11.14%
31 October 1, 1984, through
12
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 September 30, 1986 0% 13.09%
2 October 1, 1986, through
3 December 31, 1988 0% 15.44%
4 January 1, 1989, through
5 December 31, 1989 0% 14.76%
6 January 1, 1990, through
7 December 31, 1990 0% 14.09%
8 January 1, 1991, through
9 December 31, 1991 0% 20.16%
10 January 1, 1992, through
11 December 31, 1992 0% 19.51%
12 January 1, 1993, through
13 December 31, 1993 0% 18.83%
14 January 1, 1994, through
15 December 31, 1994 0% 18.59%
16 January 1, 1995, through
17 December 31, 1995 0% 17.81%
18 January 1, 1996, through
19 June 30, 1996 0% 17.80%
20 July 1, 1996, through
21 June 30, 1998 0% 17.20%
22 July 1, 1998, through
23 June 30, 1999 0% 14.64%
24 July 1, 1999, through
25 June 30, 2000 0% 11.53%
26 Effective July 1, 2000
27 0% 11.74%
28 Effective July 1, 2001 0% 12.55%
29
30 Section 4. Paragraph (b) of subsection (12) of section
31 121.40, Florida Statutes, is amended to read:
13
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 121.40 Cooperative extension personnel at the
2 Institute of Food and Agricultural Sciences; supplemental
3 retirement benefits.--
4 (12) CONTRIBUTIONS.--
5 (b) The monthly contributions required to be paid
6 pursuant to paragraph (a) on the gross monthly salaries, from
7 all sources with respect to such employment, paid to those
8 employees of the institute who hold both state and federal
9 appointments and who participate in the federal Civil Service
10 Retirement System shall be as follows:
11
12 Dates of Contribution Percentage
13 Rate Changes Due
14
15 July 1, 1985, through December 31, 1988 6.68%
16 January 1, 1989, through December 31, 1993 6.35%
17 January 1, 1994, through December 31, 1994 6.69%
18 January 1, 1995, through June 30, 1996 6.82%
19 July 1, 1996, through June 30, 1998 5.64%
20 Effective July 1, 1998, through
21 June 30, 2001 7.17%
22 Effective July 1, 2001 6.96%
23
24 Section 5. Paragraph (a) of subsection (4) of section
25 121.35, Florida Statutes, is amended to read:
26 121.35 Optional retirement program for the State
27 University System.--
28 (4) CONTRIBUTIONS.--
29 (a) Through June 30, 2001, each employer shall
30 contribute on behalf of each participant in the optional
31 retirement program an amount equal to the normal cost portion
14
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 of the employer retirement contribution which would be
2 required if the participant were a regular member of the
3 Florida Retirement System defined benefit program, plus the
4 portion of the contribution rate required in s. 112.363(8)
5 that would otherwise be assigned to the Retiree Health
6 Insurance Subsidy Trust Fund. Effective July 1, 2001, each
7 employer shall contribute on behalf of each participant in the
8 optional program an amount equal to 10.43 percent of the
9 participant's gross monthly compensation. The department
10 shall deduct, less an amount approved by the Legislature which
11 shall be deducted by the department to provide for the
12 administration of this program. The payment of the
13 contributions to the optional program which is required by
14 this paragraph for each participant shall be made by the
15 employer to the department, which shall forward the
16 contributions to the designated company or companies
17 contracting for payment of benefits for the participant under
18 the program. However, such contributions paid on behalf of an
19 employee described in paragraph (3)(c) shall not be forwarded
20 to a company and shall not begin to accrue interest until the
21 employee has executed an annuity contract and notified the
22 department.
23 Section 6. Paragraph (c) of subsection (2) of section
24 121.051, Florida Statutes, is amended to read:
25 121.051 Participation in the system.--
26 (2) OPTIONAL PARTICIPATION.--
27 (c) Employees of members of the Florida Community
28 College System or charter technical career centers sponsored
29 by members of the Florida Community College System, as
30 designated in s. 240.3031, who are members of the Regular
31 Class of the Florida Retirement System and who comply with the
15
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 criteria set forth in this paragraph and in s. 240.3195 may
2 elect, in lieu of participating in the Florida Retirement
3 System, to withdraw from the Florida Retirement System
4 altogether and participate in a lifetime monthly annuity
5 program, to be known as the State Community College System
6 Optional Retirement Program, which may be provided by the
7 employing agency under s. 240.3195. Pursuant thereto:
8 1. Through June 30, 2001, the cost to the employer for
9 such annuity shall equal the normal cost portion of the
10 employer retirement contribution which would be required if
11 the employee were a member of the Regular Class defined
12 benefit program, plus the portion of the contribution rate
13 required by s. 112.363(8) that would otherwise be assigned to
14 the Retiree Health Insurance Subsidy Trust Fund. Effective
15 July 1, 2001, each employer shall contribute on behalf of each
16 participant in the optional program an amount equal to 10.43
17 percent of the participant's gross monthly compensation. The
18 employer shall deduct, and less an amount approved by the
19 employer to provide for the administration of the optional
20 retirement program. The employer providing such annuity shall
21 contribute an additional amount to the Florida Retirement
22 System Trust Fund equal to the unfunded actuarial accrued
23 liability portion of the Regular Class contribution rate.
24 2. The decision to participate in such an optional
25 retirement program shall be irrevocable for as long as the
26 employee holds a position eligible for participation. Any
27 service creditable under the Florida Retirement System shall
28 be retained after the member withdraws from the Florida
29 Retirement System; however, additional service credit in the
30 Florida Retirement System shall not be earned while a member
31 of the optional retirement program.
16
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 3. Participation in an optional annuity program shall
2 be limited to those employees who satisfy the following
3 eligibility criteria:
4 a. The employee must be otherwise eligible for
5 membership in the Regular Class of the Florida Retirement
6 System, as provided in s. 121.021(11) and (12).
7 b. The employee must be employed in a full-time
8 position classified in the Accounting Manual for Florida's
9 Public Community Colleges as:
10 (I) Instructional; or
11 (II) Executive Management, Instructional Management,
12 or Institutional Management, if a community college determines
13 that recruiting to fill a vacancy in the position is to be
14 conducted in the national or regional market, and:
15 (A) The duties and responsibilities of the position
16 include either the formulation, interpretation, or
17 implementation of policies; or
18 (B) The duties and responsibilities of the position
19 include the performance of functions that are unique or
20 specialized within higher education and that frequently
21 involve the support of the mission of the community college.
22 c. The employee must be employed in a position not
23 included in the Senior Management Service Class of the Florida
24 Retirement System, as described in s. 121.055.
25 4. Participants in the program are subject to the same
26 reemployment limitations, renewed membership provisions, and
27 forfeiture provisions as are applicable to regular members of
28 the Florida Retirement System under ss. 121.091(9), 121.122,
29 and 121.091(5), respectively.
30 5. Eligible community college employees shall be
31 compulsory members of the Florida Retirement System until,
17
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 pursuant to the procedures set forth in s. 240.3195, the first
2 day of the next full calendar month following the filing of
3 both a written election to withdraw and a completed
4 application for an individual contract or certificate with the
5 program administrator and receipt of such election by the
6 division.
7 Section 7. Paragraph (d) of subsection (6) of section
8 121.055, Florida Statutes, is amended to read:
9 121.055 Senior Management Service Class.--There is
10 hereby established a separate class of membership within the
11 Florida Retirement System to be known as the "Senior
12 Management Service Class," which shall become effective
13 February 1, 1987.
14 (6)
15 (d) Contributions.--
16 1. Through June 30, 2001, each employer shall
17 contribute on behalf of each participant in the Senior
18 Management Service Optional Annuity Program an amount equal to
19 the normal cost portion of the employer retirement
20 contribution which would be required if the participant were a
21 Senior Management Service Class member of the Florida
22 Retirement System defined benefit program, plus the portion of
23 the contribution rate required in s. 112.363(8) that would
24 otherwise be assigned to the Retiree Health Insurance Subsidy
25 Trust Fund. Effective July 1, 2001, each employer shall
26 contribute on behalf of each participant in the optional
27 program an amount equal to 12.49 percent of the participant's
28 gross monthly compensation. The department shall deduct, less
29 an amount approved by the Legislature which shall be deducted
30 by the department to provide for the administration of this
31 program. The payment of the contributions to the optional
18
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 program which is required by this subparagraph for each
2 participant shall be made by the employer to the department,
3 which shall forward the contributions to the designated
4 company or companies contracting for payment of benefits for
5 the participant under the program.
6 2. Each employer shall contribute on behalf of each
7 participant in the Senior Management Service Optional Annuity
8 Program an amount equal to the unfunded actuarial accrued
9 liability portion of the employer contribution which would be
10 required for members of the Senior Management Service Class in
11 the Florida Retirement System. This contribution shall be
12 paid to the department for transfer to the Florida Retirement
13 System Trust Fund.
14 3. An Optional Annuity Program Trust Fund shall be
15 established in the State Treasury and administered by the
16 department to make payments to provider companies on behalf of
17 the optional annuity program participants, and to transfer the
18 unfunded liability portion of the state optional annuity
19 program contributions to the Florida Retirement System Trust
20 Fund.
21 4. Contributions required for social security by each
22 employer and each participant, in the amount required for
23 social security coverage as now or hereafter may be provided
24 by the federal Social Security Act shall be maintained for
25 each participant in the Senior Management Service retirement
26 program and shall be in addition to the retirement
27 contributions specified in this paragraph.
28 5. Each participant in the Senior Management Service
29 Optional Annuity Program may contribute by way of salary
30 reduction or deduction a percentage amount of the
31 participant's gross compensation not to exceed the percentage
19
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 amount contributed by the employer to the optional annuity
2 program. Payment of the participant's contributions shall be
3 made by the employer to the department, which shall forward
4 the contributions to the designated company or companies
5 contracting for payment of benefits for the participant under
6 the program.
7 Section 8. Paragraph (a) of subsection (4) of section
8 240.3195, Florida Statutes, is amended to read:
9 240.3195 State Community College System Optional
10 Retirement Program.--Each community college may implement an
11 optional retirement program, if such program is established
12 therefor pursuant to s. 240.319(4)(r), under which annuity
13 contracts providing retirement and death benefits may be
14 purchased by, and on behalf of, eligible employees who
15 participate in the program. Except as otherwise provided
16 herein, this retirement program, which shall be known as the
17 State Community College System Optional Retirement Program,
18 may be implemented and administered only by an individual
19 community college or by a consortium of community colleges.
20 (4)(a) Through June 30, 2001, each college must
21 contribute on behalf of each program participant an amount
22 equal to the normal cost portion of the employer retirement
23 contribution which would be required if the program
24 participant were a member of the Regular Class of the Florida
25 Retirement System as provided in s. 121.071, plus the portion
26 of the contribution rate required in s. 112.363(8) that would
27 otherwise be assigned to the Retiree Health Insurance Subsidy
28 Trust Fund. Effective July 1, 2001, each college must
29 contribute on behalf of each program participant an amount
30 equal to 10.43 percent of the participant's gross monthly
31 compensation. The college shall deduct, and less an amount
20
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 approved by the community college to provide for the
2 administration of the optional retirement program. Payment of
3 this contribution must be made either directly by the
4 community college or through the program administrator to the
5 designated company contracting for payment of benefits to the
6 program participant.
7 (b) Each community college must contribute on behalf
8 of each program participant an amount equal to the unfunded
9 actuarial accrued liability portion of the employer
10 contribution which would be required if the program
11 participant were a member of the Regular Class of the Florida
12 Retirement System. Payment of this contribution must be made
13 directly by the college to the department for deposit in the
14 Florida Retirement System Trust Fund.
15 (c) Each program participant who has executed an
16 annuity contract may contribute by way of salary reduction or
17 deduction a percentage of the program participant's gross
18 compensation, but this percentage may not exceed the
19 corresponding percentage contributed by the community college
20 to the optional retirement program. Payment of this
21 contribution may be made either directly by the college or
22 through the program administrator to the designated company
23 contracting for payment of benefits to the program
24 participant.
25 (d) Contributions to an optional retirement program by
26 a college or a program participant are in addition to, and
27 have no effect upon, contributions required now or in future
28 by the federal Social Security Act.
29 Section 9. (1) It is the intent of the Legislature
30 that the normal costs attributable to the actuarial experience
31 study and six-year vesting as determined by Milliman &
21
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 Robertson, Inc., consulting actuaries for the system, shall be
2 funded by recognition of a lump sum from the excess actuarial
3 assets of the Florida Retirement System Trust Fund. For fiscal
4 year 2001-2002, the lump sum to be recognized shall be the
5 annual cost attributable to the actuarial experience study and
6 six-year vesting.
7 (2) Effective July 1, 2001, for fiscal year 2001-2002
8 only, the contribution rates set forth in sections 1 through 3
9 of this act shall be reduced as follows:
10 (a) The contribution rate that applies to the Regular
11 Class of the Florida Retirement System defined benefit program
12 shall be reduced by 0.70 percentage points.
13 (b) The contribution rate that applies to the Special
14 Risk Class of the Florida Retirement System defined benefit
15 program shall be reduced by 1.72 percentage points.
16 (c) The contribution rate that applies to the Special
17 Risk Administrative Support Class of the Florida Retirement
18 System defined benefit program shall be reduced by 0.81
19 percentage points.
20 (d) The contribution rate that applies to the Judicial
21 subclass of the Elected Officers' Class of the Florida
22 Retirement System defined benefit program shall be reduced by
23 0.14 percentage points.
24 (e) The contribution rate that applies to the
25 legislative-attorney-Cabinet subclass of the Elected Officers'
26 Class of the Florida Retirement System defined benefit program
27 shall be reduced by 0.83 percentage points.
28 (f) The contribution rate that applies to the County
29 Officers' subclass of the Elected Officers' Class of the
30 Florida Retirement System defined benefit program shall be
31 reduced by 0.56 percentage points.
22
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HOUSE AMENDMENT
hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 (g) The contribution rate that applies to the Senior
2 Management Service Class of the Florida Retirement System
3 defined benefit program shall be reduced by 0.54 percentage
4 points.
5 Section 10. (1) Effective July 1, 2001, for fiscal
6 year 2001-2002 only, the contribution rates for the defined
7 benefit program for the Regular Class, Special Risk Class,
8 Special Risk Administrative Support Class, each subclass of
9 the Elected Officers' Class, and the Senior Management Service
10 Class each shall be reduced by 3.02 percentage points. These
11 reductions shall be in addition to all other changes to such
12 contribution rates which may be enacted into law after July 1,
13 2001.
14 (2) It is the intent of the Legislature that the costs
15 attributable to the reduction of contribution rates pursuant
16 to subsection (1) shall be funded by recognition of a lump sum
17 equal to the annual cost attributable to this reduction of the
18 contribution rates from the excess actuarial assets of the
19 Florida Retirement System Trust Fund.
20 Section 11. Section 20 of chapter 2000-169, Laws of
21 Florida, is repealed.
22 Section 12. The Legislature finds that a proper and
23 legitimate state purpose is served when employees, officers,
24 and retirees of the state and of its political subdivisions,
25 and the dependents, survivors, and beneficiaries of such
26 employees, officers, and retirees, are extended the basic
27 protections afforded by governmental retirement systems that
28 provide fair and adequate benefits and that are managed,
29 administered, and funded in an actuarially sound manner, as
30 required by s. 14 of Art. X of the State Constitution and part
31 VII of chapter 112 of the Florida Statutes. Therefore, the
23
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hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 Legislature hereby determines and declares that the provisions
2 of this act fulfill an important state interest.
3 Section 13. Paragraph (f) is added to subsection (8)
4 of section 112.363, Florida Statutes, to read:
5 112.363 Retiree health insurance subsidy.--
6 (8) CONTRIBUTIONS.--For purposes of funding the
7 insurance subsidy provided by this section:
8 (f) Beginning July 1, 2001, the employer of each
9 member of a state-administered plan shall contribute 1.11
10 percent of gross compensation each pay period.
11
12 Such contributions shall be submitted to the Department of
13 Management Services and deposited in the Retiree Health
14 Insurance Subsidy Trust Fund.
15 Section 14. Paragraph (c) of subsection (7) of section
16 121.052, Florida Statutes, is amended to read:
17 121.052 Membership class of elected officers.--
18 (7) CONTRIBUTIONS.--
19 (c) The following table states the required employer
20 contribution on behalf of each member of the Elected Officers'
21 Class in terms of a percentage of the member's gross
22 compensation. Such contribution constitutes the entire health
23 insurance subsidy contribution with respect to the member. A
24 change in the contribution rate is effective with the first
25 salary paid on or after the beginning date of the change. The
26 retiree health insurance subsidy contribution rate is as
27 follows:
28
29 Dates of Contribution Contribution
30 Rate Changes Rate
31
24
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hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 October 1, 1987, through December 31, 1988 0.24%
2 January 1, 1989, through December 31, 1993 0.48%
3 January 1, 1994, through December 31, 1994 0.56%
4 January 1, 1995, through June 30, 1998 0.66%
5 Effective July 1, 1998, through June 30, 0.94%
6 2001
7 Effective July 1, 2001 1.11%
8
9 Such contributions shall be deposited by the administrator in
10 the Retiree Health Insurance Subsidy Trust Fund.
11 Section 15. Paragraph (c) of subsection (3) of section
12 121.055, Florida Statutes, is amended to read:
13 121.055 Senior Management Service Class.--There is
14 hereby established a separate class of membership within the
15 Florida Retirement System to be known as the "Senior
16 Management Service Class," which shall become effective
17 February 1, 1987.
18 (3)
19 (c) The following table states the required employer
20 contribution on behalf of each member of the Senior Management
21 Service Class in terms of a percentage of the member's gross
22 compensation. Such contribution constitutes the entire health
23 insurance subsidy contribution with respect to the member. A
24 change in the contribution rate is effective with the first
25 salary paid on or after the beginning date of the change. The
26 retiree health insurance subsidy contribution rate is as
27 follows:
28
29 Dates of Contribution Contribution
30 Rate Changes Rate
31
25
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hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 October 1, 1987, through December 31, 1988 0.24%
2 January 1, 1989, through December 31, 1993 0.48%
3 January 1, 1994, through December 31, 1994 0.56%
4 January 1, 1995, through June 30, 1998 0.66%
5 Effective July 1, 1998, through June 30, 0.94%
6 2001
7 Effective July 1, 2001 1.11%
8
9 Such contributions shall be deposited by the administrator in
10 the Retiree Health Insurance Subsidy Trust Fund.
11 Section 16. Subsection (4) of section 121.071, Florida
12 Statutes, is amended to read:
13 121.071 Contributions.--Contributions to the system
14 shall be made as follows:
15 (4) The following table states the required employer
16 contribution on behalf of each member of the Regular Class,
17 Special Risk Class, or Special Risk Administrative Support
18 Class in terms of a percentage of the member's gross
19 compensation. Such contribution constitutes the entire health
20 insurance subsidy contribution with respect to the member. A
21 change in the contribution rate is effective with the first
22 salary paid on or after the beginning date of the change. The
23 retiree health insurance subsidy contribution rate is as
24 follows:
25
26 Dates of Contribution Contribution
27 Rate Changes Rate
28
29 October 1, 1987, through December 31, 1988 0.24%
30 January 1, 1989, through December 31, 1993 0.48%
31 January 1, 1994, through December 31, 1994 0.56%
26
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hbd-06 Bill No. HB 1931, 1st Eng.
Amendment No. ___ (for drafter's use only)
1 January 1, 1995, through June 30, 1998 0.66%
2 Effective July 1, 1998, through June 30, 0.94%
3 2001
4 Effective July 1, 2001 1.11%
5
6 Such contributions shall be deposited by the administrator in
7 the Retiree Health Insurance Subsidy Trust Fund.
8 Section 17. Subsection (4) of section 121.571, Florida
9 Statutes, is amended to read:
10 121.571 Contributions.--Contributions to the Public
11 Employee Optional Retirement Program shall be made as follows:
12 (4) CONTRIBUTIONS FOR SOCIAL SECURITY COVERAGE AND FOR
13 RETIREE HEALTH INSURANCE SUBSIDY.--Contributions required
14 under this section shall be in addition to employer and member
15 contributions required for social security and the Retiree
16 Health Insurance Subsidy Trust Fund as provided in ss.
17 112.363, 121.052, 121.055, and s. 121.071, as appropriate.
18 Section 18. The Legislature finds that a proper and
19 legitimate state purpose is served when employees, officers,
20 and retirees of the state and of its political subdivisions,
21 and the dependents, survivors, and beneficiaries of such
22 employees, officers, and retirees, are extended the basic
23 protections afforded governmental retirement systems that
24 provide fair and adequate benefits, including health insurance
25 subsidies, and that are managed, administered, and funded in a
26 reasonable manner. Therefore, the Legislature hereby
27 determines and declares that the provisions of this act
28 fulfill an important state interest.
29
30
31
27
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hbd-06 Bill No. HB 1931, 1st Eng.
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 1, line 3, after the semicolon, through page 1,
4 line 15,
5 remove from the title of the bill: all of said lines
6
7 and insert in lieu thereof:
8 amending ss. 121.052, 121.055, 121.071, and
9 121.40, F.S.; changing contribution rates for
10 specified classes and subclasses; amending ss.
11 121.35, 121.051, 121.055, and 240.3195, F.S.;
12 changing employer contribution rates for
13 participants in the State University System
14 optional retirement program, the Community
15 College optional retirement program, and the
16 Senior Management Service optional annuity
17 program; providing legislative intent;
18 recognizing excess actuarial assets to fund
19 costs and rate reductions; reducing certain
20 contribution rates; repealing s. 20 of ch.
21 2000-169, Laws of Florida, relating to
22 increasing contributions rates; amending s.
23 112.363, 121.052, 121.055, and 121.071, F.S.;
24 changing the employer contribution for the
25 retiree health insurance subsidy; amending s.
26 121.571, F.S.; adding cross references;
27 providing a finding of important state
28 interest; providing an
29
30
31
28
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