Florida Senate - 2014                          SENATOR AMENDMENT
       Bill No. CS for CS for SB 1114
       
       
       
       
       
       
                                Ì730910rÎ730910                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
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                Floor: 2/AD/2R         .                                
             04/30/2014 11:31 AM       .                                
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       Senator Simpson moved the following:
       
    1         Senate Amendment 
    2  
    3         Delete lines 1114 - 1141
    4  and insert:
    5         (g) Except for members of the Elected Officers’ Class who
    6  withdraw from the Florida Retirement System under s.
    7  121.052(3)(d) or elect to participate in an optional retirement
    8  program under s. 121.051(1)(a), s. 121.051(2)(c), or s. 121.35,
    9  or are described in s. 121.052(2)(a)2. or (2)(b), employees
   10  initially enrolled in the Florida Retirement System on or after
   11  July 1, 2015, and whose first employment in a regularly
   12  established position is covered by the Elected Officers’ Class
   13  are compulsory members of the investment plan. Investment plan
   14  membership continues for a compulsory member even if the
   15  employee is subsequently employed in a position covered by
   16  another membership class. Membership in the pension plan by a
   17  compulsory member is not permitted except as provided in s.
   18  121.591(2).
   19         1. Employees initially enrolled in the system before July
   20  1, 2015, may retain their membership in the pension plan or
   21  investment plan and are eligible to use the election opportunity
   22  specified in paragraph (f). Compulsory members are not eligible
   23  to use the election opportunity.
   24         2. An employee eligible to withdraw from the system under
   25  s. 121.052(3)(d) may withdraw from the system, participate in
   26  the pension plan if not a compulsory member of the investment
   27  plan, or participate in the investment plan as provided under
   28  those provisions. An employee eligible for the optional
   29  retirement programs under s. 121.051(2)(c) or s. 121.35 may
   30  participate in the optional retirement program, participate in
   31  the pension plan if not a compulsory member of the investment
   32  plan, or participate in the investment plan as provided under
   33  those provisions. An eligible employee required to participate
   34  in the optional retirement program pursuant to s. 121.051(1)(a)
   35  as provided under s. 121.35 must participate in the investment
   36  plan if employed in a position not eligible for the optional
   37  retirement program and otherwise meeting the requirements as a
   38  compulsory member of the investment plan.