Florida Senate - 2012                        COMMITTEE AMENDMENT
       Bill No. SB 2024
       
       
       
       
       
       
                                Barcode 209596                          
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  01/26/2012           .                                
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       The Committee on Governmental Oversight and Accountability
       (Ring) recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Between lines 45 and 46
    4  insert:
    5         Section 1. Section 121.012, Florida Statutes, is created to
    6  read:
    7         121.012Applicability.—The provisions of this part are
    8  applicable to parts II and III of this chapter to the extent
    9  that such provisions are not inconsistent with, or duplicative
   10  of, the provisions of parts II and III.
   11         Section 2. Subsection (29) of section 121.021, Florida
   12  Statutes, is amended to read:
   13         121.021 Definitions.—The following words and phrases as
   14  used in this chapter have the respective meanings set forth
   15  unless a different meaning is plainly required by the context:
   16         (29) “Normal retirement date” means the date a member
   17  attains normal retirement age and is vested, which is determined
   18  as follows:
   19         (a)1. If a Regular Class member, a Senior Management
   20  Service Class member, or an Elected Officers’ Class member
   21  initially enrolled:
   22         1. Before July 1, 2011:
   23         a. The first day of the month the member attains age 62; or
   24         b. The first day of the month following the date the member
   25  completes 30 years of creditable service, regardless of age.
   26         2. If a Regular Class member, a Senior Management Service
   27  Class member, or an Elected Officers’ Class member initially
   28  enrolled On or after July 1, 2011:
   29         a. The first day of the month the member attains age 65; or
   30         b. The first day of the month following the date the member
   31  completes 33 years of creditable service, regardless of age.
   32         (b)1. If a Special Risk Class member initially enrolled:
   33         1. Before July 1, 2011:
   34         a. The first day of the month the member attains age 55 and
   35  completes the years of creditable service in the Special Risk
   36  Class equal to or greater than the years of service required for
   37  vesting;
   38         b. The first day of the month following the date the member
   39  completes 25 years of creditable service in the Special Risk
   40  Class, regardless of age; or
   41         c. The first day of the month following the date the member
   42  completes 25 years of creditable service and attains age 52,
   43  which service may include a maximum of 4 years of military
   44  service credit if such credit is not claimed under any other
   45  system and the remaining years are in the Special Risk Class.
   46         2. If a Special Risk Class member initially enrolled On or
   47  after July 1, 2011:
   48         a. The first day of the month the member attains age 60 and
   49  completes the years of creditable service in the Special Risk
   50  Class equal to or greater than the years of service required for
   51  vesting;
   52         b. The first day of the month following the date the member
   53  completes 30 years of creditable service in the Special Risk
   54  Class, regardless of age; or
   55         c. The first day of the month following the date the member
   56  completes 30 years of creditable service and attains age 57,
   57  which service may include a maximum of 4 years of military
   58  service credit if such credit is not claimed under any other
   59  system and the remaining years are in the Special Risk Class.
   60  
   61  For pension plan members, normal retirement age is attained on
   62  the normal retirement date. For investment plan members,
   63  normal retirement age is the date a member attains his or her
   64  normal retirement date or is vested pursuant to s. 121.4501(6),
   65  whichever is later.
   66  
   67  ================= T I T L E  A M E N D M E N T ================
   68         And the title is amended as follows:
   69         Delete line 2
   70  and insert:
   71         An act relating to state retirement; creating s.
   72         121.012, F.S.; providing applicability; amending s.
   73         121.021, F.S.; redefining the term “normal retirement
   74         date”; amending s.