1 | Representative Tobia offered the following: |
2 |
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3 | Amendment (with directory and title amendments) |
4 | Between lines 347 and 348, insert: |
5 | (24) "Average final compensation" means the average of the |
6 | 5 highest fiscal years of compensation for creditable service |
7 | prior to retirement, termination, or death. For in-line-of-duty |
8 | disability benefits, if less than 5 years of creditable service |
9 | have been completed, the term "average final compensation" means |
10 | the average annual compensation of the total number of years of |
11 | creditable service. Each year used in the calculation of average |
12 | final compensation shall commence on July 1. |
13 | (b) The average final compensation shall not include: |
14 | 1. Compensation paid to professional persons for special |
15 | or particular services; |
16 | 2. Payments for accumulated sick leave made due to |
17 | retirement or termination; |
18 | 3. Payments for accumulated annual leave in excess of 500 |
19 | hours; |
20 | 4. Bonuses as defined in subsection (47); |
21 | 5. Third party payments made on and after July 1, 1990; or |
22 | 6. Fringe benefits (for example, automobile allowances or |
23 | housing allowances); or |
24 | 7. Overtime compensation. |
25 |
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26 | Remove line 1957 and insert: |
27 | fiscal years' base salaries, not including compensation for |
28 | overtime, calculated as provided by rule. |
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30 |
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31 | ----------------------------------------------------- |
32 | D I R E C T O R Y A M E N D M E N T |
33 | Remove line 261 and insert: |
34 | subsection (19), paragraph (b) of subsection (22), paragraph (b) |
35 | of subsection (24), and |
36 |
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37 |
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38 | ----------------------------------------------------- |
39 | T I T L E A M E N D M E N T |
40 | Remove line 47 and insert: |
41 | 121.091, F.S.; prohibiting the factoring of overtime into a |
42 | member's average final compensation for purposes of pension |
43 | benefits; modifying the monthly benefit calculation |