Florida Senate - 2013 CONFERENCE COMMITTEE AMENDMENT
Bill No. SB 1810
Barcode 801240
LEGISLATIVE ACTION
Senate . House
.
.
.
Floor: AD/CR .
05/03/2013 12:21 PM .
—————————————————————————————————————————————————————————————————
—————————————————————————————————————————————————————————————————
The Conference Committee on SB 1810 recommended the following:
1 Senate Conference Committee Amendment (with title
2 amendment)
3
4 Delete everything after the enacting clause
5 and insert:
6 Section 1. Paragraph (g) is added to subsection (8) of
7 section 112.363, Florida Statutes, to read:
8 112.363 Retiree health insurance subsidy.—
9 (8) CONTRIBUTIONS.—For purposes of funding the insurance
10 subsidy provided by this section:
11 (g) Beginning July 1, 2013, the employer of each member of
12 a state-administered plan shall contribute 1.20 percent of gross
13 compensation each pay period.
14
15 Such contributions shall be submitted to the Department of
16 Management Services and deposited in the Retiree Health
17 Insurance Subsidy Trust Fund.
18 Section 2. Paragraph (d) of subsection (7) of section
19 121.052, Florida Statutes, is amended to read:
20 121.052 Membership class of elected officers.—
21 (7) CONTRIBUTIONS.—
22 (d) The following table states the required employer
23 contribution on behalf of each member of the Elected Officers’
24 Class in terms of a percentage of the member’s gross
25 compensation. Such contribution constitutes the entire health
26 insurance subsidy contribution with respect to each such member.
27 A change in the contribution rate is effective with the first
28 salary paid on or after the beginning date of the change. The
29 retiree health insurance subsidy contribution rate is as
30 follows:
31 Dates of Contribution Rate Changes ContributionRate
32 October 1, 1987, through December 31, 1988 0.24%
33 January 1, 1989, through December 31, 1993 0.48%
34 January 1, 1994, through December 31, 1994 0.56%
35 January 1, 1995, through June 30, 1998 0.66%
36 July 1, 1998, through June 30, 2001 0.94%
37 Effective July 1, 2001, through June 30, 2013 1.11%
38 Effective July 1, 2013 1.20%
39 Such contributions and accompanying payroll data are due and
40 payable no later than the 5th working day of the month
41 immediately following the month during which the payroll period
42 ended and shall be deposited by the administrator in the Retiree
43 Health Insurance Subsidy Trust Fund.
44 Section 3. Paragraph (d) of subsection (3) of section
45 121.055, Florida Statutes, is amended to read:
46 121.055 Senior Management Service Class.—There is hereby
47 established a separate class of membership within the Florida
48 Retirement System to be known as the “Senior Management Service
49 Class,” which shall become effective February 1, 1987.
50 (3)
51 (d) The following table states the required employer
52 contribution on behalf of each member of the Senior Management
53 Service Class in terms of a percentage of the member’s gross
54 compensation. Such contribution constitutes the entire health
55 insurance subsidy contribution with respect to each such member.
56 A change in the contribution rate is effective with the first
57 salary paid on or after the beginning date of the change. The
58 retiree health insurance subsidy contribution rate is as
59 follows:
60 Dates of Contribution Rate Changes ContributionRate
61 October 1, 1987, through December 31, 1988 0.24%
62 January 1, 1989, through December 31, 1993 0.48%
63 January 1, 1994, through December 31, 1994 0.56%
64 January 1, 1995, through June 30, 1998 0.66%
65 July 1, 1998, through June 30, 2001 0.94%
66 Effective July 1, 2001, through June 30, 2013 1.11%
67 Effective July 1, 2013 1.20%
68 Such contributions and accompanying payroll data are due and
69 payable no later than the 5th working day of the month
70 immediately following the month during which the payroll period
71 ended and shall be deposited by the administrator in the Retiree
72 Health Insurance Subsidy Trust Fund.
73 Section 4. Subsection (4) of section 121.071, Florida
74 Statutes, is amended to read:
75 121.071 Contributions.—Contributions to the system shall be
76 made as follows:
77 (4) The following table states the required employer
78 contribution on behalf of each member of the Regular Class,
79 Special Risk Class, or Special Risk Administrative Support Class
80 in terms of a percentage of the member’s gross compensation.
81 Such contribution constitutes the entire health insurance
82 subsidy contribution with respect to each such member. A change
83 in the contribution rate is effective with the first salary paid
84 on or after the beginning date of the change. The retiree health
85 insurance subsidy contribution rate is as follows:
86 Dates of Contribution Rate Changes ContributionRate
87 October 1, 1987, through December 31, 1988 0.24%
88 January 1, 1989, through December 31, 1993 0.48%
89 January 1, 1994, through December 31, 1994 0.56%
90 January 1, 1995, through June 30, 1998 0.66%
91 July 1, 1998, through June 30, 2001 0.94%
92 Effective July 1, 2001, through June 30, 2013 1.11%
93 Effective July 1, 2013 1.20%
94 Such contributions shall be deposited by the administrator in
95 the Retiree Health Insurance Subsidy Trust Fund.
96 Section 5. Subsections (4) and (5) of section 121.71,
97 Florida Statutes, are amended to read:
98 121.71 Uniform rates; process; calculations; levy.—
99 (4) Required employer retirement contribution rates for
100 each membership class and subclass of the Florida Retirement
101 System for both retirement plans are as follows:
102 Membership Class Percentage ofGrossCompensation,EffectiveJuly 1, 2012Percentage ofGrossCompensation,EffectiveJuly 1, 2013
103 Regular Class 3.55% 3.53% 3.55%
104 Special Risk Class 11.01% 11.00% 11.01%
105 Special Risk Administrative Support Class 3.94% 4.17% 3.94%
106 Elected Officers’ Class— Legislators, Governor, Lt. Governor, Cabinet Officers, State Attorneys, Public Defenders 6.51% 6.52% 6.51%
107 Elected Officers’ Class— Justices, Judges 10.02% 10.05% 10.02%
108 Elected Officers’ Class— County Elected Officers 8.36% 8.44% 8.36%
109 Senior Management Class 4.84% 4.81% 4.84%
110 DROP 4.33% 4.63% 4.33%
111 (5) In order to address unfunded actuarial liabilities of
112 the system, the required employer retirement contribution rates
113 for each membership class and subclass of the Florida Retirement
114 System for both retirement plans are as follows:
115 Membership Class Percentage ofGrossCompensation,EffectiveJuly 1, 2012Percentage ofGrossCompensation,EffectiveJuly 1, 2013
116 Regular Class 0.49% 2.19% 2.02%
117 Special Risk Class 2.75% 6.83% 7.03%
118 Special Risk Administrative Support Class 0.83% 30.56% 27.04%
119 Elected Officers’ Class— Legislators, Governor, Lt. Governor, Cabinet Officers, State Attorneys, Public Defenders 0.88% 24.85% 27.18%
120 Elected Officers’ Class— Justices, Judges 0.77% 17.00% 16.38%
121 Elected Officers’ Class— County Elected Officers 0.73% 23.36% 23.01%
122 Senior Management Service Class 0.32% 12.27% 11.25%
123 DROP 0.00% 7.01% 6.21%
124 Section 6. The Legislature finds that a proper and
125 legitimate state purpose is served when employees, officers, and
126 retirees of the state and its political subdivisions, and the
127 dependents, survivors, and beneficiaries of such employees,
128 officers, and retirees, are extended the basic protections
129 afforded by governmental retirement systems. These persons must
130 be provided benefits that are fair and adequate and that are
131 managed, administered, and funded in an actuarially sound
132 manner, as required by s. 14, Article X of the State
133 Constitution and part VII of chapter 112, Florida Statutes.
134 Therefore, the Legislature determines and declares that this act
135 fulfills an important state interest.
136 Section 7. The Legislature finds that a proper and
137 legitimate state purpose is served when employees, officers, and
138 retirees of the state and of its political subdivisions, and the
139 dependents, survivors, and beneficiaries of such employees,
140 officers, and retirees, are extended the basic protections
141 afforded by governmental retirement systems that provide fair
142 and adequate benefits, including health insurance subsidies, and
143 that are managed, administered, and funded in a reasonable
144 manner. Therefore, the Legislature determines and declares that
145 this act fulfills an important state interest.
146 Section 8. This act shall take effect July 1, 2013.
147
148 ================= T I T L E A M E N D M E N T ================
149 And the title is amended as follows:
150 Delete everything before the enacting clause
151 and insert:
152 A bill to be entitled
153 An act relating to the Florida Retirement System;
154 amending ss. 112.363, 121.052, 121.055, and 121.071,
155 F.S.; revising the employer contribution rates for the
156 retiree health insurance subsidy; amending s. 121.71,
157 F.S.; revising the required employer retirement
158 contribution rates for members of each membership
159 class and subclass of the Florida Retirement System;
160 providing findings of an important state interest;
161 providing an effective date.