Florida Senate - 2011                        COMMITTEE AMENDMENT
       Bill No. SB 1130
       
       
       
       
       
       
                                Barcode 720294                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  03/10/2011           .                                
                                       .                                
                                       .                                
                                       .                                
       —————————————————————————————————————————————————————————————————




       —————————————————————————————————————————————————————————————————
       The Committee on Governmental Oversight and Accountability
       (Norman) recommended the following:
       
    1         Senate Amendment to Amendment (200064) (with title
    2  amendment)
    3  
    4         Delete lines 3985 - 3987
    5  and insert:
    6         (3) Employee retirement contributions are not required if
    7  the Florida Retirement System reaches or exceeds 100 percent of
    8  actuarial funding. However, employee contributions shall be set
    9  for an entire fiscal year for each membership class and subclass
   10  of the Florida Retirement System for both the pension and
   11  investment plans as follows:
   12  
   13  
   14  ================= T I T L E  A M E N D M E N T ================
   15         And the title is amended as follows:
   16         Delete line 4496
   17  and insert:
   18         directly; providing that employee contributions are
   19         not required if the Florida Retirement System reaches
   20         a certain level of funding; specifying the required
   21         employee