Florida Senate - 2020                        COMMITTEE AMENDMENT
       Bill No. SB 858
       
       
       
       
       
       
                                Ì873758YÎ873758                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  02/10/2020           .                                
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       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;