Florida Senate - 2019                        COMMITTEE AMENDMENT
       Bill No. CS for SB 426
       
       
       
       
       
       
                                Ì742124wÎ742124                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  04/12/2019           .                                
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       The Committee on Appropriations (Flores) recommended the
       following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Between lines 119 and 120
    4  insert:
    5         Section 2. Subsection (3) of section 121.735, Florida
    6  Statutes, is amended to read
    7         121.735 Allocations for member line-of-duty death benefits;
    8  percentage amounts.—
    9         (3) Effective July 1, 2017, allocations from the Florida
   10  Retirement System Contributions Clearing Trust Fund to provide
   11  line-of-duty death benefits for members in the investment plan
   12  and to offset the costs of administering said coverage, are as
   13  follows:
   14  
   15  Membership Class                  Percentage of Gross Compensation 
   16  
   17  Regular Class                                  0.05%               
   18  Special Risk Class                          1.21% 1.15%            
   19  Special Risk Administrative Support Class              0.03%               
   20  Elected Officers’ Class— Legislators, Governor, Lt. Governor, Cabinet Officers, State Attorneys, Public Defenders              0.15%               
   21  Elected Officers’ Class— Justices, Judges              0.09%               
   22  Elected Officers’ Class— County Elected Officers              0.20%               
   23  Senior Management Service Class                0.05%               
   24  
   25         Section 3. (1) In order to fund the benefit changes
   26  provided by this act to the Florida Retirement System, the
   27  required employer contribution rates for the members fo the
   28  Florida Retirement System are increased as follows:
   29         (a) By 0.08 percentage point for the rate established in s.
   30  121.71(4), Florida Statutes, for the Special Risk Class.
   31         (b) By 0.01 percentage point for the rate established in s.
   32  121.71(5), Florida Statutes, for the Special Risk Class.
   33         (c) By 0.02 percentage point for the rate established in s.
   34  121.71(5), Florida Statutes, for DROP.
   35         (2) The adjustments provided in subsection (1) are in
   36  addition to any other changes to such contribution rates which
   37  may be enacted into law to take effect on July 1, 2019. The
   38  Division of Law Revision is directed to adjust accordingly the
   39  contribution rates provided in s. 121.71, Florida Statutes.
   40  
   41  ================= T I T L E  A M E N D M E N T ================
   42  And the title is amended as follows:
   43         Delete lines 13 - 15
   44  and insert:
   45         Fire Marshal to adopt certain rules; amending s.
   46         121.735, F.S.; adjusting the allocation of funds to
   47         provide line-of-duty death benefits for members in the
   48         investment plan of the Florida Retirement System;
   49         directing the Division of Law Revision to adjust the
   50         employer contribution rates for the Special Risk Class
   51         and DROP in the Florida Retirement System; providing a
   52         declaration of important state interest; providing an
   53         effective date.