SENATE AMENDMENT

    Bill No. SB 128

    Amendment No. 1

                            CHAMBER ACTION
              Senate                               House
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11  The Committee on Governmental Oversight and Productivity

12  recommended the following amendment:

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14         Senate Amendment (with title amendment) 

15         On page 2, line 15, delete that line

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17  and insert:

18         Section 2.  Effective July 1, 1999, in order to fund

19  the benefits provided under section 1 of this act:

20         (1)  The contribution rates that apply to the Special

21  Risk Class of the Florida Retirement System shall be increased

22  by 0.13 percentage points; and

23         (2)  The contribution rates that apply to the Special

24  Risk Administrative Support Class of the Florida Retirement

25  System shall be increased by 0.21 percentage points.

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27  These increases shall be in addition to all other changes to

28  such contribution rates which may be enacted into law to take

29  effect on that date. The Division of Statutory Revision is

30  directed to adjust accordingly the contribution rates set

31  forth in section 121.071, Florida Statutes.

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                                                  SENATE AMENDMENT

    Bill No. SB 128

    Amendment No. 1





 1         Section 3.  The Legislature finds that a proper and

 2  legitimate state purpose is served when employees and retirees

 3  of the state and of its political subdivisions, and the

 4  dependents, survivors, and beneficiaries of such employees and

 5  retirees, are extended the basic protections afforded by

 6  governmental retirement systems that provide fair and adequate

 7  benefits that are managed, administered, and funded in an

 8  actuarially sound manner, as required by Section 14, Article X

 9  of the State Constitution and part VII of chapter 112, Florida

10  Statutes. Therefore, the Legislature determines and declares

11  that this act fulfills an important state interest.

12         Section 4.  Except for this section and section 2 of

13  this act, which shall take effect July 1, 1999, this act shall

14  take effect January 1, 2000.

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17  ================ T I T L E   A M E N D M E N T ===============

18  And the title is amended as follows:

19         On page 1, lines 5 and 6, delete those lines

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21  and insert:

22         of the special risk class; providing for

23         contribution-rate increases to fund this act;

24         directing the Division of Statutory Revision to

25         adjust contribution rates set forth in s.

26         121.071, F.S.; declaring that this act fulfills

27         an important state interest; providing an

28         effective date.

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