Florida Senate - 2014                        COMMITTEE AMENDMENT
       Bill No. SPB 7046
       
       
       
       
       
       
                                Ì265442"Î265442                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: FAV            .                                
                  02/18/2014           .                                
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       following:
       
    1         Senate Amendment 
    2  
    3         Between lines 436 and 437
    4  insert:
    5         5. After the prescribed time period during which an
    6  eligible employee can elect participation in the pension plan,
    7  cash balance plan, or the investment plan, or after the month
    8  following such election, if sooner, the employee shall have one
    9  opportunity to move between the pension plan, investment plan,
   10  and the cash balance plan. If the employee is no longer eligible
   11  to participate in the Special Risk Class at the time of such
   12  election, the employee may only elect to move to the investment
   13  plan or the cash balance plan. Such elections are effective on
   14  the first day of the month following the receipt of the election
   15  by the third-party administrator. This paragraph is contingent
   16  upon approval by the Internal Revenue Service.