| 1 | Representative Hays offered the following: |
| 2 |
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| 3 | Amendment (with title amendment) |
| 4 | Remove everything after the enacting clause and insert: |
| 5 | Section 1. Subsection (3) of section 121.71, Florida |
| 6 | Statutes, is amended to read: |
| 7 | 121.71 Uniform rates; process; calculations; levy.-- |
| 8 | (3) Required employer retirement contribution rates for |
| 9 | each membership class and subclass of the Florida Retirement |
| 10 | System for both retirement plans are as follows: |
| 11 |
|
| | | Membership Class | Percentage of Gross Compensation,Effective July 1, 2009 2008 | Percentage of Gross Compensation,Effective July 1, 2010 2009 |
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| 12 |
|
| | | Regular Class | 8.69% | 9.63% 9.60% |
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| 13 |
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| | | Special Risk Class | 19.76% | 22.11% 22.03% |
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| 14 |
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| | | Special Risk Administrative Support Class | 11.39% | 12.10% 11.98% |
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| 15 |
|
| | | Elected Officers' Class - Legislators, Governor, Lt. Governor, Cabinet Officers, State Attorneys, Public Defenders | 13.32% | 15.20% 14.56% |
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| 16 |
|
| | | Elected Officers' Class - Justices, Judges | 18.40% | 20.65% 20.37% |
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| 17 |
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| | | Elected Officers' Class - County Elected Officers | 15.37% | 17.50% 17.06% |
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| 18 |
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| | | Senior Management Class | 11.96% | 13.43% 13.36% |
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| 19 |
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| 20 |
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| 21 |
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| 22 | Section 2. The Legislature finds that a proper and |
| 23 | legitimate state purpose is served when employees and retirees |
| 24 | of the state and its political subdivisions, and the dependents, |
| 25 | survivors, and beneficiaries of such employees and retirees, are |
| 26 | extended the basic protections afforded by governmental |
| 27 | retirement systems. These persons must be provided benefits that |
| 28 | are fair and adequate and that are managed, administered, and |
| 29 | funded in an actuarially sound manner, as required by Section |
| 30 | 14, Article X of the State Constitution, and part VII of chapter |
| 31 | 112, Florida Statutes. Therefore, the Legislature determines and |
| 32 | declares that this act fulfills an important state interest. |
| 33 | Section 3. This act shall take effect July 1, 2009. |
| 34 |
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| 35 | ----------------------------------------------------- |
| 36 | T I T L E A M E N D M E N T |
| 37 | Remove the entire title and insert: |
| 38 | A bill to be entitled |
| 39 | An act relating to retirement; amending s. 121.71, F.S.; |
| 40 | revising the payroll contribution rates for the membership |
| 41 | classes of the Florida Retirement System for the state |
| 42 | fiscal years effective July 1, 2009, and July 1, 2010; |
| 43 | providing a declaration of important state interest; |
| 44 | providing an effective date. |