Florida Senate - 2013                        COMMITTEE AMENDMENT
       Bill No. CS for SB 458
       
       
       
       
       
       
                                Barcode 581538                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: WD            .                                
                  04/01/2013           .                                
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       The Committee on Appropriations (Ring) recommended the
       following:
       
    1         Senate Amendment to Amendment (326778) (with title
    2  amendment)
    3  
    4         Between lines 342 and 343
    5  insert:
    6         Section 5. Paragraph (a) of subsection (2) of section
    7  175.162, Florida Statutes, is amended to read:
    8         175.162 Requirements for retirement.—For any municipality,
    9  special fire control district, chapter plan, local law
   10  municipality, local law special fire control district, or local
   11  law plan under this chapter, any firefighter who completes 10 or
   12  more years of creditable service as a firefighter and attains
   13  age 55, or completes 25 years of creditable service as a
   14  firefighter and attains age 52, and who for such minimum period
   15  has been a member of the firefighters’ pension trust fund
   16  operating under a chapter plan or local law plan, is eligible
   17  for normal retirement benefits. Normal retirement under the plan
   18  is retirement from the service of the municipality or special
   19  fire control district on or after the normal retirement date. In
   20  such event, payment of retirement income will be governed by the
   21  following provisions of this section:
   22         (2)(a) The amount of monthly retirement income payable to a
   23  full-time firefighter who retires on or after his or her normal
   24  retirement date shall be an amount equal to the number of his or
   25  her years of credited service multiplied by 2 percent of his or
   26  her average final compensation as a full-time firefighter.
   27  However, if current state contributions pursuant to this chapter
   28  are not adequate to fund the additional benefits to meet the
   29  minimum requirements in this chapter, only such incremental
   30  increases shall be required as state moneys are adequate to
   31  provide. Such increments shall be provided as state moneys
   32  become available.
   33         Section 6. Subsection (2) of section 185.16, Florida
   34  Statutes, is amended to read:
   35         185.16 Requirements for retirement.—For any municipality,
   36  chapter plan, local law municipality, or local law plan under
   37  this chapter, any police officer who completes 10 or more years
   38  of creditable service as a police officer and attains age 55, or
   39  completes 25 years of creditable service as a police officer and
   40  attains age 52, and for such period has been a member of the
   41  retirement fund is eligible for normal retirement benefits.
   42  Normal retirement under the plan is retirement from the service
   43  of the city on or after the normal retirement date. In such
   44  event, for chapter plans and local law plans, payment of
   45  retirement income will be governed by the following provisions
   46  of this section:
   47         (2) The amount of the monthly retirement income payable to
   48  a police officer who retires on or after his or her normal
   49  retirement date shall be an amount equal to the number of the
   50  police officer’s years of credited service multiplied by 2
   51  percent of his or her average final compensation. However, if
   52  current state contributions pursuant to this chapter are not
   53  adequate to fund the additional benefits to meet the minimum
   54  requirements in this chapter, only increment increases shall be
   55  required as state moneys are adequate to provide. Such
   56  increments shall be provided as state moneys become available.
   57  
   58  ================= T I T L E  A M E N D M E N T ================
   59         And the title is amended as follows:
   60         Delete line 987
   61  and insert:
   62         the firefighters’ pension trust fund; amending s.
   63         175.162, F.S.; deleting a limitation on state
   64         contributions funding additional benefits; amending s.
   65         185.16, F.S.; deleting a limitation on state
   66         contributions funding additional benefits; amending s.