Florida Senate - 2020 COMMITTEE AMENDMENT Bill No. SB 858 Ì873758YÎ873758 LEGISLATIVE ACTION Senate . House Comm: RCS . 02/10/2020 . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— The Committee on Governmental Oversight and Accountability (Gruters) recommended the following: 1 Senate Amendment (with title amendment) 2 3 Between lines 33 and 34 4 insert: 5 Section 2. (1) In order to fund the benefit changes 6 provided in this act, the required employer contribution rates 7 for members of the Florida Retirement System are increased as 8 follows: 9 (a) By 0.39 percentage points for the rate established in 10 s. 121.71(4), Florida Statutes, for the Special Risk Class. 11 (b) By 0.63 percentage points for the rate established in 12 s. 121.71(5), Florida Statutes, for the Special Risk Class. 13 (c) By 0.08 percentage points for the rate established in 14 s. 121.71(4), Florida Statutes, for DROP. 15 (2) The adjustments provided in subsection (1) are in 16 addition to any other changes to such contribution rates which 17 may be enacted into law to take effect on July 1, 2020. The 18 Division of Law Revision is directed to adjust accordingly the 19 contribution rates provided in s. 121.71, Florida Statutes. 20 21 ================= T I T L E A M E N D M E N T ================ 22 And the title is amended as follows: 23 Delete line 6 24 and insert: 25 their beneficiaries, who meet certain criteria; 26 directing the Division of Law Revision to adjust the 27 employer contribution rates for the Special Risk Class 28 and DROPO in the Florida Retirement System;