Senate Bill sb1568

    Florida Senate - 2005                                  SB 1568

    By Senator Aronberg





    27-1468-05                                          See HB 405

  1                      A bill to be entitled

  2         An act relating to the Florida Retirement

  3         System; amending s. 121.021, F.S.; redefining

  4         the term "compensation" to include certain

  5         supplementary payments made to firefighters,

  6         paramedics, and emergency medical technicians

  7         and to certain employer-reported retirement

  8         contributions; providing an effective date.

  9  

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

11  

12         Section 1.  Paragraph (a) of subsection (22) of section

13  121.021, Florida Statutes, is amended to read:

14         121.021  Definitions.--The following words and phrases

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

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

17         (22)  "Compensation" means the monthly salary paid a

18  member by his or her employer for work performed arising from

19  that employment.

20         (a)  Compensation shall include:

21         1.  Overtime payments paid from a salary fund.

22         2.  Accumulated annual leave payments.

23         3.  Payments in addition to the employee's base rate of

24  pay if all the following apply:

25         a.  The payments are paid according to a formal written

26  policy that applies to all eligible employees equally;

27         b.  The policy provides that payments shall commence no

28  later than the 11th year of employment;

29         c.  The payments are paid for as long as the employee

30  continues his or her employment; and

31         d.  The payments are paid at least annually.

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






    Florida Senate - 2005                                  SB 1568
    27-1468-05                                          See HB 405




 1         4.  Amounts withheld for tax sheltered annuities or

 2  deferred compensation programs, or any other type of salary

 3  reduction plan authorized under the Internal Revenue Code.

 4         5.  Payments made in lieu of a permanent increase in

 5  the base rate of pay, whether made annually or in 12 or 26

 6  equal payments within a 12-month period, when the member's

 7  base pay is at the maximum of his or her pay range. When a

 8  portion of a member's annual increase raises his or her pay

 9  range and the excess is paid as a lump sum payment, such lump

10  sum payment shall be compensation for retirement purposes.

11         6.  Effective July 1, 2002, salary supplements made

12  pursuant to s. 1012.72 requiring a valid National Board for

13  Professional Standards certificate, notwithstanding the

14  provisions of subparagraph 3.

15         7.  Effective July 1, 2005, salary supplements made to

16  firefighters, paramedics, or emergency medical technicians for

17  the successful completion of employer-approved educational

18  training or for additional job-related duties and

19  responsibilities, notwithstanding the provisions of

20  subparagraph 3. For all periods prior to July 1, 2005,

21  employer-reported retirement contributions on these

22  supplemental payments shall be compensation.

23         Section 2.  This act shall take effect July 1, 2005.

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