Florida Senate - 2017 COMMITTEE AMENDMENT
Bill No. SPB 7030
Ì435512zÎ435512
LEGISLATIVE ACTION
Senate . House
Comm: UNFAV .
04/25/2017 .
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The Committee on Governmental Oversight and Accountability
(Rouson) recommended the following:
1 Senate Amendment (with title amendment)
2
3 Delete lines 1298 - 1316
4 and insert:
5 Section 11. Subsections (4) and (5) of section 121.72,
6 Florida Statutes, are amended to read:
7 121.72 Allocations to investment plan member accounts;
8 percentage amounts.—
9 (4) Effective July 1, 2002, through June 30, 2012, and
10 effective July 1, 2017, allocations from the Florida Retirement
11 System Contributions Clearing Trust Fund to investment plan
12 member accounts are as follows:
13
14 Membership Class Percentage of Gross Compensation
15
16 Regular Class 9.00%
17 Special Risk Class 20.00%
18 Special Risk Administrative Support Class 11.35%
19 Elected Officers’ Class— Legislators, Governor, Lt. Governor, Cabinet Officers, State Attorneys, Public Defenders 13.40%
20 Elected Officers’ Class— Justices, Judges 18.90%
21 Elected Officers’ Class— County Elected Officers 16.20%
22 Senior Management Service Class 10.95%
23
24 (5) Effective July 1, 2012, through June 30, 2017,
25 allocations from the Florida Retirement System Contributions
26 Clearing Trust Fund to investment plan member accounts are as
27 follows:
28
29 Membership Class Percentage of Gross Compensation
30
31 Regular Class 6.30%
32 Special Risk Class 14.00%
33 Special Risk Administrative Support Class 7.95%
34 Elected Officers’ Class— Legislators, Governor, Lt. Governor, Cabinet Officers, State Attorneys, Public Defenders 9.38%
35 Elected Officers’ Class— Justices, Judges 13.23%
36 Elected Officers’ Class— County Elected Officers 11.34%
37 Senior Management Service Class 7.67%
38
39 Section 12. (1) In order to fund the benefit changes
40 provided in this act, the required employer contribution rate
41 for members of the Florida Retirement System established in s.
42 121.71(4), Florida Statutes, are adjusted as follows:
43 (a) The Regular Class is increased by 0.50 percentage
44 point.
45 (b) The Special Risk Class is increased by 0.98 percentage
46 point.
47 (c) The Special Risk Administrative Support Class is
48 increased by 1.13 percentage point.
49 (d) The Elected Officers’ Class—Legislators, Governor, Lt.
50 Governor, Cabinet Officers, State Attorneys, and Public
51 Defenders is increased by 1.03 percentage point.
52 (e) The Elected Officers’ Class—Justices, Judges is
53 increased by 0.51 percentage point.
54 (f) The Elected Officers’ Class—County Elected Officers is
55 increased by 1.52 percentage point.
56 (g) The Senior Management Service Class is increased by
57 0.84 percentage point.
58
59 ================= T I T L E A M E N D M E N T ================
60 And the title is amended as follows:
61 Delete line 76
62 and insert:
63 cancer research programs by a certain date; amending
64 s. 121.72, F.S.; revising allocations from the Florida
65 Retirement System Contributions Clearing Trust Fund to
66 investment plan member accounts on a certain date;
67 revising