| 1 | Representative Tobia offered the following: |
| 2 |
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| 3 | Amendment (with directory and title amendments) |
| 4 | Between lines 762 and 763, insert: |
| 5 | (10) CLOSURE OF DEFINED BENEFIT PROGRAM TO NEW |
| 6 | PARTICIPANTS.-Effective July 1, 2011, the defined benefit |
| 7 | program administered under this part is closed to new members. |
| 8 | Employees hired on or after July 1, 2011, shall be compulsory |
| 9 | members of the defined contribution program administered under |
| 10 | part II of this chapter. |
| 11 |
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| 12 | ----------------------------------------------------- |
| 13 | D I R E C T O R Y A M E N D M E N T |
| 14 | Remove line 495 and insert: |
| 15 | subsection (3) of section 121.051, Florida Statutes, are |
| 16 | amended, and subsection (10) is added to that section, |
| 17 |
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| 18 | ----------------------------------------------------- |
| 19 | T I T L E A M E N D M E N T |
| 20 | Remove line 11 and insert: |
| 21 | contributions are subject to certain taxes; closing the defined |
| 22 | benefit program to new members on July 1, 2011; requiring |
| 23 | employees hired on or after July 1, 2011, to be compulsory |
| 24 | members of the defined contribution program; amending s. |