Florida Senate - 2011 COMMITTEE AMENDMENT
Bill No. SB 1130
Barcode 267752
LEGISLATIVE ACTION
Senate . House
Comm: WD .
03/10/2011 .
.
.
.
—————————————————————————————————————————————————————————————————
—————————————————————————————————————————————————————————————————
The Committee on Governmental Oversight and Accountability
(Dean) recommended the following:
1 Senate Substitute for Amendment (939600) (with title
2 amendment)
3
4 Delete lines 3985 - 3997
5 and insert:
6 (3) Effective July 1, 2011, required employee retirement
7 contribution rates for all members shall be 0 percent for gross
8 compensation up to and including $40,000, plus 2 percent for
9 gross compensation in excess of $40,000 and up to and including
10 $75,000, plus 4 percent for gross compensation that is greater
11 than $75,000.
12
13 ================= T I T L E A M E N D M E N T ================
14 And the title is amended as follows:
15 Delete lines 4496 - 4499
16 and insert:
17 directly; basing the required employee contribution on
18 the amount of gross compensation; specifying the
19 required employer