Florida Senate - 2015 CONFERENCE COMMITTEE AMENDMENT
Bill No. SB 2512-A
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LEGISLATIVE ACTION
Senate . House
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Floor: AD/CR . Floor: C
06/19/2015 03:48 PM . 06/19/2015 06:39 PM
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The Conference Committee on SB 2512-A recommended the following:
1 Senate Conference Committee Amendment (with title
2 amendment)
3
4 Delete everything after the enacting clause
5 and insert:
6 Section 1. Paragraph (i) is added to subsection (8) of
7 section 112.363, Florida Statutes, to read:
8 112.363 Retiree health insurance subsidy.—
9 (8) CONTRIBUTIONS.—For purposes of funding the insurance
10 subsidy provided by this section:
11 (i) Beginning July 1, 2015, the employer of each member of
12 a state-administered plan shall contribute 1.66 percent of gross
13 compensation each pay period.
14
15 Such contributions shall be submitted to the Department of
16 Management Services and deposited in the Retiree Health
17 Insurance Subsidy Trust Fund.
18 Section 2. Paragraph (d) of subsection (7) of section
19 121.052, Florida Statutes, is amended to read:
20 121.052 Membership class of elected officers.—
21 (7) CONTRIBUTIONS.—
22 (d) The following table states the required employer
23 contribution on behalf of each member of the Elected Officers’
24 Class in terms of a percentage of the member’s gross
25 compensation. Such contribution constitutes the entire health
26 insurance subsidy contribution with respect to each such member.
27 A change in the contribution rate is effective with the first
28 salary paid on or after the beginning date of the change. The
29 retiree health insurance subsidy contribution rate is as
30 follows:
31
32
33 Dates of Contribution Rate Changes ContributionRate
34 October 1, 1987, through December 31, 1988 0.24%
35 January 1, 1989, through December 31, 1993 0.48%
36 January 1, 1994, through December 31, 1994 0.56%
37 January 1, 1995, through June 30, 1998 0.66%
38 July 1, 1998, through June 30, 2001 0.94%
39 July 1, 2001, through June 30, 2013 1.11%
40 July 1, 2013, through June 30, 2014 1.20%
41 Effective July 1, 2014, through June 30, 2015 1.26%
42 Effective July 1, 2015 1.66%
43 Such contributions and accompanying payroll data are due and
44 payable no later than the 5th working day of the month
45 immediately following the month during which the payroll period
46 ended and shall be deposited by the administrator in the Retiree
47 Health Insurance Subsidy Trust Fund.
48 Section 3. Paragraph (d) of subsection (3) of section
49 121.055, Florida Statutes, is amended to read:
50 121.055 Senior Management Service Class.—There is hereby
51 established a separate class of membership within the Florida
52 Retirement System to be known as the “Senior Management Service
53 Class,” which shall become effective February 1, 1987.
54 (3)
55 (d) The following table states the required employer
56 contribution on behalf of each member of the Senior Management
57 Service Class in terms of a percentage of the member’s gross
58 compensation. Such contribution constitutes the entire health
59 insurance subsidy contribution with respect to each such member.
60 A change in the contribution rate is effective with the first
61 salary paid on or after the beginning date of the change. The
62 retiree health insurance subsidy contribution rate is as
63 follows:
64
65
66 Dates of Contribution Rate Changes ContributionRate
67
68 October 1, 1987, through December 31, 1988 0.24%
69 January 1, 1989, through December 31, 1993 0.48%
70 January 1, 1994, through December 31, 1994 0.56%
71 January 1, 1995, through June 30, 1998 0.66%
72 July 1, 1998, through June 30, 2001 0.94%
73 July 1, 2001, through June 30, 2013 1.11%
74 July 1, 2013, through June 30, 2014 1.20%
75 Effective July 1, 2014, through June 30, 2015 1.26%
76 Effective July 1, 2015 1.66%
77 Such contributions and accompanying payroll data are due and
78 payable no later than the 5th working day of the month
79 immediately following the month during which the payroll period
80 ended and shall be deposited by the administrator in the Retiree
81 Health Insurance Subsidy Trust Fund.
82 Section 4. Subsection (4) of section 121.071, Florida
83 Statutes, is amended to read:
84 121.071 Contributions.—Contributions to the system shall be
85 made as follows:
86 (4) The following table states the required employer
87 contribution on behalf of each member of the Regular Class,
88 Special Risk Class, or Special Risk Administrative Support Class
89 in terms of a percentage of the member’s gross compensation.
90 Such contribution constitutes the entire health insurance
91 subsidy contribution with respect to each such member. A change
92 in the contribution rate is effective with the first salary paid
93 on or after the beginning date of the change. The retiree health
94 insurance subsidy contribution rate is as follows:
95
96
97 Dates of Contribution Rate Changes ContributionRate
98 October 1, 1987, through December 31, 1988 0.24%
99 January 1, 1989, through December 31, 1993 0.48%
100 January 1, 1994, through December 31, 1994 0.56%
101 January 1, 1995, through June 30, 1998 0.66%
102 July 1, 1998, through June 30, 2001 0.94%
103 July 1, 2001, through June 30, 2013 1.11%
104 July 1, 2013, through June 30, 2014 1.20%
105 Effective July 1, 2014, through June 30, 2015 1.26%
106 Effective July 1, 2015 1.66%
107 Such contributions shall be deposited by the administrator in
108 the Retiree Health Insurance Subsidy Trust Fund.
109 Section 5. Subsections (4) and (5) of section 121.71,
110 Florida Statutes, are amended to read:
111 121.71 Uniform rates; process; calculations; levy.—
112 (4) Required employer retirement contribution rates for
113 each membership class and subclass of the Florida Retirement
114 System for both retirement plans are as follows:
115
116
117 Membership Class Percentage ofGrossCompensation,EffectiveJuly 1, 2015 2014
118
119 Regular Class 2.91% 3.53%
120 Special Risk Class 11.35% 11.01%
121 Special Risk Administrative Support Class 3.71% 4.18%
122 Elected Officers’ Class— Legislators, Governor, Lt. Governor, Cabinet Officers, State Attorneys, Public Defenders 6.48% 6.30%
123 Elected Officers’ Class— Justices, Judges 11.39% 10.10%
124 Elected Officers’ Class— County Elected Officers 8.48% 8.36%
125 Senior Management Class 4.32% 4.80%
126 DROP 4.10% 4.30%
127 (5) In order to address unfunded actuarial liabilities of
128 the system, the required employer retirement contribution rates
129 for each membership class and subclass of the Florida Retirement
130 System for both retirement plans are as follows:
131
132
133 Membership Class Percentage ofGrossCompensation,EffectiveJuly 1, 2015 2014
134
135 Regular Class 2.65% 2.54%
136 Special Risk Class 8.99% 7.51%
137 Special Risk Administrative Support Class 27.54% 36.59%
138 Elected Officers’ Class— Legislators, Governor, Lt. Governor, Cabinet Officers, State Attorneys, Public Defenders 37.62% 38.66%
139 Elected Officers’ Class— Justices, Judges 22.62% 21.77%
140 Elected Officers’ Class— County Elected Officers 32.09% 33.58%
141 Senior Management Service Class 15.41% 15.04%
142 DROP 7.12% 6.72%
143 Section 6. The Legislature finds that a proper and
144 legitimate state purpose is served when employees, officers, and
145 retirees of the state and its political subdivisions, and the
146 dependents, survivors, and beneficiaries of such employees,
147 officers, and retirees, are extended the basic protections
148 afforded by governmental retirement systems. These persons must
149 be provided benefits that are fair and adequate and that are
150 managed, administered, and funded in an actuarially sound
151 manner, as required by s. 14, Article X of the State
152 Constitution and part VII of chapter 112, Florida Statutes.
153 Therefore, the Legislature determines and declares that this act
154 fulfills an important state interest.
155 Section 7. The Legislature finds that a proper and
156 legitimate state purpose is served when employees, officers, and
157 retirees of the state and its political subdivisions, and the
158 dependents, survivors, and beneficiaries of such employees,
159 officers, and retirees, are extended the basic protections
160 afforded by governmental retirement systems that provide fair
161 and adequate benefits, including health insurance subsidies, and
162 that are managed, administered, and funded in a sustainable
163 manner. Therefore, the Legislature determines and declares that
164 this act fulfills an important state interest.
165 Section 8. If any law amended by this act was also amended
166 by a law enacted during the 2015 Regular Session of the
167 Legislature, such laws shall be construed as if enacted during
168 the same session of the Legislature, and full effect shall be
169 given to each if possible.
170 Section 9. Except as otherwise expressly provided in this
171 act and except for this section, which shall take effect upon
172 becoming a law, this act shall take effect July 1, 2015, or, if
173 this act fails to become a law until after that date, it shall
174 take effect upon becoming a law and operate retroactively to
175 July 1, 2015.
176
177 ================= T I T L E A M E N D M E N T ================
178 And the title is amended as follows:
179 Delete everything before the enacting clause
180 and insert:
181 A bill to be entitled
182 An act relating to employer contributions to fund
183 retiree benefits; amending ss. 112.363, 121.052,
184 121.055, and 121.071, F.S.; revising the employer
185 contribution rates for the retiree health insurance
186 subsidy; amending s. 121.71, F.S.; revising the
187 required employer retirement contribution rates for
188 members of each membership class and subclass of the
189 Florida Retirement System; providing findings of an
190 important state interest; providing for construction
191 of the act in pari materia with laws enacted during
192 the 2015 Regular Session of the Legislature; providing
193 for contingent retroactive operation; providing
194 effective dates.