Florida Senate - 2015 COMMITTEE AMENDMENT Bill No. SPB 7042 Ì608998tÎ608998 LEGISLATIVE ACTION Senate . House Comm: FAV . 03/10/2015 . . . . ————————————————————————————————————————————————————————————————— ————————————————————————————————————————————————————————————————— The Committee on Governmental Oversight and Accountability (Latvala) recommended the following: 1 Senate Amendment (with title amendment) 2 3 Between lines 193 and 194 4 insert: 5 Section 3. Subsection (1) of section 121.111, Florida 6 Statutes, is amended to read: 7 121.111 Credit for military service.— 8 (1) Creditable service of any member shall also include 9 military service as defined in s. 121.021(20)(a) if: 10 (a) The member is in the active employ of an employer 11 immediately prior to such service and leaves a position, other 12 than a temporary position, for the purpose of induction into the 13 Armed Forces of the United States or entry upon duty in the 14 Armed Forces of the United States. When applied to the Florida 15 Retirement System: 16 1. The term “position other than a temporary position” 17 means a regularly established position with a Florida Retirement 18 System employer; and 19 2. A member shall be construed to have left his or her 20 employment for military purposes if he or she reported for 21 active duty within 60 days after leaving such employment; 22 (b) The member is entitled to reemployment under the 23 provisions of the Veterans’ Reemployment Rights Act (38 U.S.C. 24 ss. 2021 et seq.); 25 (c) The member applies for reemployment with the same 26 employer within the time set forth in s. 2021 or s. 2024 of the 27 Veterans’ Reemployment Rights Act, whichever is applicable, and 28 is reemployed by such employer; 29 (d)1. For service credit earned before July 1, 2015, the 30 member makes the required employee contributions, if any, and 31 the employer makes the required employer contributions for the 32 employee’s membership class for each month of service credit 33 during such period of military service, based upon the 34 employee’s rate of monthly compensation as of the date that the 35 employee left his or her position, plus 4 percent interest on 36 such contributions compounded annually from the due date of the 37 contribution until July 1, 1975, and 6.5 percent interest 38 compounded annually thereafter, until the payment is made to the 39 proper retirement trust fund; and 40 2. For service credit earned on or after July 1, 2015, the 41 employer makes the required employer and employee contributions 42 for the employee’s membership class for each month of service 43 credit during such period of military service, based upon the 44 employee’s rate of monthly compensation as of the date that the 45 employee left his or her position, plus 6.5 percent interest on 46 such contributions compounded annually from the due date of the 47 contribution until the payment is made to the Florida Retirement 48 System Trust Fund; and 49 (e) The period of service claimed pursuant to this 50 subsection does not exceed the periods specified by the 51 provisions of ss. 2021 and 2024 of the Veterans’ Reemployment 52 Rights Act which are applicable in the member’s case. 53 54 ================= T I T L E A M E N D M E N T ================ 55 And the title is amended as follows: 56 Delete line 10 57 and insert: 58 employed on or after a specified date; amending s. 59 121.111, F.S.; requiring an employer to make employer 60 and employee contributions towards credit for military 61 service for service credit earned after a specified 62 date; amending s.