Florida Senate - 2024                        COMMITTEE AMENDMENT
       Bill No. SB 1490
       
       
       
       
       
       
                                Ì639914=Î639914                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: RCS            .                                
                  01/29/2024           .                                
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       The Committee on Governmental Oversight and Accountability
       (Burgess) recommended the following:
       
    1         Senate Amendment (with title amendment)
    2  
    3         Between lines 170 and 171
    4  insert:
    5         Section 4. (1) In order to fund the benefit changes
    6  provided by this act, the required employer contribution rates
    7  for the members of the Florida Retirement System established in
    8  s. 121.71(4), Florida Statutes, are increased as follows:
    9         (a) By 0.01 percentage point for the Regular Class.
   10         (b) By 0.01 percentage point for the Special Risk Class.
   11         (c) By 0.01 percentage point for the DROP.
   12         (2) The adjustments provided in subsection (1) are in
   13  addition to any other changes to such contribution rates which
   14  may be enacted into law to take effect on July 1, 2024. The
   15  Division of Law Revision is directed to adjust accordingly the
   16  contribution rates provided in s. 121.71, Florida Statutes.
   17  ================= T I T L E  A M E N D M E N T ================
   18  And the title is amended as follows:
   19         Delete line 22
   20  and insert:
   21         adopt rules; establishing employer paid contribution
   22         rates necessary to fund the retirement system
   23         benefits; directing the Division of Law Revision to
   24         adjust accordingly the contribution rates otherwise in
   25         effect; declaring that the act fulfills an