2001 REGULAR SESSION (71st)                                                                            A AB431 222

Amendment No. 222

 

Assembly Amendment to Assembly Bill No. 431                                                                (BDR 23‑985)

Proposed by: Committee on Government Affairs

Amendment Box:

Resolves Conflicts with: N/A

Amends:         Summary:              Title:              Preamble:               Joint Sponsorship:

 

ASSEMBLY ACTION              Initial and Date              |SENATE ACTION                        Initial and Date

       Adopted       Lost                                               |          Adopted       Lost                                           

Concurred In                     Not                                                        |Concurred In  Not                                 

       Receded        Not                                               |         Receded        Not                                           

 

     Amend the bill as a whole by deleting sections 1 and 2, renumbering sec. 3 as sec. 2 and adding a new section designated section 1, following the enacting clause, to read as follows:

     “Section 1.  1.  The public employees’ retirement board shall conduct a study regarding lump- sum optional retirement programs, including, without limitation, deferred retirement option plans, to determine whether one or more of such programs would be beneficial for members of the public employees’ retirement system and participating public employers.

     2.  The public employees’ retirement board shall submit a final report of the study to the legislative commission on or before August 1, 2002. If applicable, the final report must contain recommendations for legislation to carry out one or more lump-sum optional retirement programs.”.

     Amend the title of the bill by deleting the second line and inserting:

“retirement board to conduct a study regarding lump-sum optional retirement programs; and providing”.

     Amend the summary of the bill to read as follows:

“SUMMARY—Requires public employees’ retirement board to conduct study regarding lump-sum optional retirement programs. (BDR S‑985)”.