Florida Senate - 2016 COMMITTEE AMENDMENT Bill No. CS for SB 1652 Ì324298MÎ324298 LEGISLATIVE ACTION Senate . House Comm: RCS . 02/09/2016 . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— The Committee on Finance and Tax (Flores) recommended the following: 1 Senate Amendment 2 3 Delete lines 121 - 125 4 and insert: 5 (d) A pension liability surtax imposed pursuant to this 6 subsection shall terminate on December 31 of the year in which 7 the actuarial funding level is expected to reach or exceed 100 8 percent for the defined benefit retirement plan or system for 9 which the surtax was levied or December 31, 2060, whichever 10 occurs first. The most recent actuarial report submitted to the 11 Department of Management Services pursuant to s. 112.63 must be 12 used to establish the level of actuarial funding.