August 11, 2020
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Amendment CaShTmL-344874.HTM
                                                  SENATE AMENDMENT
    Bill No. CS for CS for SB 2884
    Amendment No. ___   Barcode 344874
                            CHAMBER ACTION
              Senate                               House
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 1                  WD/2R          .                    
       04/23/2004 10:24 AM         .                    
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 3                                 .                    
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 4  ______________________________________________________________
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11  Senator Wise moved the following amendment:
12  
13         Senate Amendment (with title amendment) 
14         On page 2, line 12,
15  
16  insert:  
17         Section 1.  (1)  Beginning July 1, 2004, through
18  September 30, 2004, any active community college employee in a
19  regularly established senior management position who has not
20  participated in the Florida Retirement System or has withdrawn
21  from the Florida Retirement System under section 121.055(b)2.,
22  may move to the Florida Retirement System defined benefit
23  plan. This election is irrevocable.
24         (2)  The election must be made in writing and must be
25  filed with the department and the personnel officer of the
26  community college by October 1, 2004, or, in the case of an
27  inactive community college senior management employee who is
28  on a leave of absence or sabbatical on July 1, 2004, within 90
29  days after the conclusion of the leave of absence or
30  sabbatical.
31         (3)  The employee shall receive service credit in the
                                  1
    5:24 PM   04/22/04                              s2884c2c-05j01

SENATE AMENDMENT Bill No. CS for CS for SB 2884 Amendment No. ___ Barcode 344874 1 Florida Retirement System defined benefit program equal to his 2 or her years of service in the community college system. The 3 cost for such credit shall be an amount representing the 4 present value of that employee's accumulated benefit 5 obligation under the Florida Retirement System defined benefit 6 program for the affected period of service. 7 (4) The employee must transfer the total accumulated 8 employer contributions and earnings on deposit in the 9 employee's alternative retirement plan established as allowed 10 under section 121.055(b)2., Florida Statutes. If the 11 transferred amount is not sufficient to pay the amount due, 12 the remainder must be paid out of other employee funds. In no 13 case may the employee retain any employer contributions or 14 earnings thereon from the alternative retirement plan 15 established under section 121.055(b)2., Florida Statutes. 16 17 (Redesignate subsequent sections.) 18 19 20 ================ T I T L E A M E N D M E N T =============== 21 And the title is amended as follows: 22 On page 1, line 2, delete that line 23 24 and insert: 25 An act relating to state universities and 26 community colleges; providing for certain 27 community college employees to move to the 28 Florida Retirement System defined benefit 29 program; providing limitations on such 30 transfers; providing transfer guidelines; 31 amending 2 5:24 PM 04/22/04 s2884c2c-05j01
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