Florida Senate - 2014                        COMMITTEE AMENDMENT
       Bill No. SPB 7046
       
       
       
       
       
       
                                Ì303712uÎ303712                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: FAV            .                                
                  02/18/2014           .                                
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       following:
       
    1         Senate Amendment 
    2  
    3         Between lines 469 and 470
    4  insert:
    5         5. After the prescribed time period during which an
    6  eligible employee can elect the cash balance plan or the
    7  investment plan, or after the month following such election, if
    8  sooner, the employee shall have one opportunity to choose to
    9  move between the investment plan and the cash balance plan. If
   10  the employee is eligible to participate in the Special Risk
   11  Class at the time of such election, the employee may also elect
   12  to move to the pension plan. Such elections are effective on the
   13  first day of the month following the receipt of the election by
   14  the third-party administrator. This paragraph is contingent upon
   15  approval by the Internal Revenue Service.
   16