Florida Senate - 2008 SENATOR AMENDMENT

Bill No. HB 5063

935956

CHAMBER ACTION

Senate

Floor: 1/AD/2R

4/16/2008 12:16 PM

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House



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Senator Lawson moved the following amendment:

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     Senate Amendment (with title amendment)

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     Delete everything after the enacting clause

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and insert:

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     Section 1.  Subsection (3) of section 121.71, Florida

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Statutes, is amended to read:

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     121.71  Uniform rates; process; calculations; levy.--

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     (3)  Required employer retirement contribution rates for

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each membership class and subclass of the Florida Retirement

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System for both retirement plans are as follows:

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Membership ClassPercentage of Gross Compensation,Effective July 1, 2008 2007Percentage of Gross Compensation,Effective July 1, 2009 2008

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Regular Class8.69%9.60% 9.59%

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Special Risk Class19.76%22.03% 22.01%

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Special Risk Administrative   Support Class11.39%11.98% 11.90%

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Elected Officers' Class -   Legislators, Governor,   Lt. Governor,   Cabinet Officers,   State Attorneys,   Public Defenders13.32%14.56% 14.99%

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Elected Officers' Class -  Justices, Judges18.40%20.37% 20.46%

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Elected Officers' Class -  County Elected Officers15.37%17.06% 17.15%

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Senior Management Class11.96%13.36% 13.35%

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DROP9.80%10.96% 10.89%

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     Section 2. The Legislature finds that a proper and

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legitimate state purpose is served when employees and retirees of

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the state and its political subdivisions, and the dependents,

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survivors, and beneficiaries of such employees and retirees, are

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extended the basic protections afforded by governmental

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retirement systems. These persons must be provided benefits that

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are fair and adequate and that are managed, administered, and

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funded in an actuarially sound manner, as required by Section 14,

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Article X of the State Constitution, and part VII of chapter 112,

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Florida Statutes. Therefore, the Legislature determines and

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declares that this act fulfills an important state interest.

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     Section 3.  This act shall take effect July 1, 2008.

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

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And the title is amended as follows:

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     Delete everything before the enacting clause

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and insert:

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A bill to be entitled

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An act relating to retirement; amending s. 121.71, F.S.;

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revising the payroll contribution rates for the membership

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classes of the Florida Retirement System for the state

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fiscal years effective July 1, 2008, and July 1, 2009;

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providing a declaration of important state interest;

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providing an effective date.

4/10/2008  9:17:00 AM     6-07255-08

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