Senate Bill sb1990
CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 2001 (NP) SB 1990
By Senators Sebesta, Lee, Miller and Crist
20-474-01 See HB
1 A bill to be entitled
2 An act relating to the City of Tampa,
3 Hillsborough County; amending s. 3(B), chapter
4 23559, Laws of Florida, 1945, as amended;
5 providing for membership in Division B of the
6 General Employees' Retirement Plan; amending s.
7 7, chapter 23559, Laws of Florida, 1945, as
8 amended; providing for certain employees to
9 elect to receive credit in the General
10 Employees' Retirement Plan under certain
11 conditions; amending s. 17, chapter 23559, Laws
12 of Florida, 1945, as amended; providing for
13 certain elective officers, department heads,
14 and appointive officers to elect to receive
15 credit in the General Employees' Retirement
16 Plan under certain conditions; repealing
17 chapter 86-405, Laws of Florida, and all other
18 laws in conflict herewith; providing an
19 effective date.
20
21 Be It Enacted by the Legislature of the State of Florida:
22
23 Section 1. Subsection (B) of section 3 of chapter
24 23559, Laws of Florida, 1945, as amended, is amended to read:
25 Section 3. Division of the Retirement Fund. The
26 retirement fund for the general employees of the City of Tampa
27 shall be deemed to be divided into two divisions to be
28 designated Division A and Division B:
29 (A) Division A of this system shall include all those
30 members of the General Employees Retirement Plan created by
31 chapter 23559, Laws of Florida, 1945, as amended, who were
1
CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 2001 (NP) SB 1990
20-474-01 See HB
1 employed prior to October 1, 1981, and who did not elect
2 pursuant to the provisions of section 7 to become members of
3 Division B.
4 (B) Division B of this system shall include all
5 general employees of the City of Tampa employed on or after
6 October 1, 1981, all employees of Division A who elected
7 pursuant to section 7 to become members of Division B,
8 employees employed with the City prior to October 1, 1981, who
9 elect pursuant to the provisions of section 7(E) to become
10 members of Division B, and elective officers, department
11 heads, and appointive officers, working with the City prior to
12 October 1, 1981, who elect pursuant to the provisions of
13 section 17 to become members of Division B.
14 Section 2. Subsection (E) is added to section 7 of
15 chapter 23559, Laws of Florida, 1945, as amended, to read:
16 Section 7. Election.
17 (E) All employees employed with the City prior to
18 October 1, 1981, who are not members of the Plan, who have
19 continuously worked for the City from the time period they
20 initially began working for the City and who are employed with
21 the City in a full-time position on or after January 1, 2001,
22 may become members of Division B with approval by a majority
23 vote of the members of the Tampa City Council by December 31,
24 2001, and be entitled to the benefits attendant to such
25 membership from the time period they elect to commence
26 participation in the Fund if they comply with the following:
27 1. Notify the City, in writing, at any time between
28 July 1, 2001, and December 31, 2001, of their desire to
29 participate in Division B of the Fund and the time period upon
30 which such participation shall commence; and
31
2
CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 2001 (NP) SB 1990
20-474-01 See HB
1 2. By September 30, 2002, pay into the Fund a sum of
2 money equal to the aggregate contributions, plus compound
3 interest thereon at the rate of 8 percent per annum, which
4 they would have paid into the Fund had they participated in
5 the Fund from the time period they elect to commence
6 participation in the Fund.
7 Section 3. Subsection (C) is added to section 17 of
8 chapter 23559, Laws of Florida, 1945, as amended, to read:
9 Section 17. Officers.
10 (C) Elective officers, department heads, and
11 appointive officers working for the City prior to October 1,
12 1981, who are not members of the Plan, who have continuously
13 worked for the City from the time period they initially began
14 working for the City and who are working for the City in a
15 full-time position on or after January 1, 2001, may become
16 members of Division B with approval by a majority vote of the
17 members of the Tampa City Council by December 31, 2001, and be
18 entitled to the benefits attendant to such membership from the
19 time period they elect to commence participation in the Fund
20 if they comply with the following:
21 1. Notify the City, in writing, at any time between
22 July 1, 2001, and December 31, 2001, of their desire to
23 participate in Division B of the Fund and the time period upon
24 which such participation shall commence; and
25 2. By September 30, 2002, pay into the Fund a sum of
26 money equal to the aggregate contributions, plus compound
27 interest thereon at the rate of 8 percent per annum, which
28 they would have paid into the Fund had they participated in
29 the Fund from the time period they elect to commence
30 participation in the Fund.
31
3
CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 2001 (NP) SB 1990
20-474-01 See HB
1 Section 4. Chapter 86-405, Laws of Florida, and all
2 other laws or parts of laws in conflict herewith are hereby
3 repealed to the extent of such conflict.
4 Section 5. This act shall take effect upon becoming a
5 law.
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
4
CODING: Words stricken are deletions; words underlined are additions.