Florida Senate - 2014                        COMMITTEE AMENDMENT
       Bill No. PCS (776102) for SB 1114
       
       
       
       
       
       
                                Ì593622#Î593622                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                   Comm: WD            .                                
                  04/10/2014           .                                
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       (Ring) recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Delete lines 524 - 544
    4  and insert:
    5         3. Notwithstanding the provisions of this paragraph,
    6  effective July 1, 1997, an any employee who is eligible to
    7  participate in the Optional Retirement Program and who fails to
    8  execute a contract with one of the approved companies and to
    9  notify the department in writing as provided in subsection (4)
   10  within 90 days after the date of eligibility shall be deemed to
   11  have elected membership in the Florida Retirement System, except
   12  as provided in s. 121.051(1)(a). This provision shall also
   13  applies apply to an any employee who terminates employment in an
   14  eligible position before executing the required investment
   15  annuity contract and notifying the department. Such membership
   16  is shall be retroactive to the date of eligibility, and all
   17  appropriate contributions shall be transferred to the Florida
   18  Retirement System Trust Fund and the Health Insurance Subsidy
   19  Trust Fund.
   20  
   21  ================= T I T L E  A M E N D M E N T ================
   22  And the title is amended as follows:
   23         Delete lines 30 - 31
   24  and insert:
   25         Investment Plan;