2001 REGULAR SESSION (71st)                                                                            A AB555 165

Amendment No. 165

 

Assembly Amendment to Assembly Bill No. 555                                                                (BDR 23‑547)

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 section 1, page 1, by deleting lines 7 and 8 and inserting:

     “(b) At the time of his reemployment, he is receiving:

          (1) An unmodified benefit; or

          (2) A benefit actuarially reduced pursuant to subsection 6 of NRS 286.510 and has reached the required age at which he could have retired with an unmodified benefit.”.

     Amend section 1, page 2, between lines 23 and 24, by inserting:

     “5.  A participating public employer shall not refuse to reemploy a retired employee who is eligible for reemployment pursuant to this section solely on the basis of the date of his retirement.”.

     Amend sec. 7, page 6, line 34, by deleting:

“subsections 4, 5 and 6” and inserting:

“[subsections 4, 5 and 6] this section”.

     Amend sec. 7, page 7, line 20, after “4.” by inserting:

“If a retired employee who accepts employment or an independent contract with a public employer under this system pursuant to this section elects not to reenroll in the system pursuant to subsection 1 of NRS 286.525, the public employer with which the retired employee accepted employment or an independent contract may pay contributions on behalf of the retired employee to a retirement fund which is not a part of the system in an amount not to exceed the amount of the contributions that the public employer would pay to the system on behalf of a participating public employee who is employed in a similar position.

     5.”.

     Amend sec. 7, page 7, line 29, by deleting “5.” and inserting “[5.]6.”.

     Amend sec. 7, page 7, line 33, by deleting “6.” and inserting “[6.]7.”.

     Amend the bill as a whole by renumbering sec. 8 as sec. 9 and adding a new section designated sec. 8, following sec. 7, to read as follows:

     “Sec. 8. The public employees’ retirement board shall conduct an experience study on the public employees’ retirement system of the employment of retired public employees by public employers that participate in the public employees’ retirement system pursuant to section 1 of this act for the period between July 1, 2001, and July 1, 2004. The public employees’ retirement board shall submit a report of the study to the interim retirement and benefits committee of the legislature on or before December 31, 2004.”.

     Amend sec. 8, page 7, line 37, before “This” by inserting “1.”.

     Amend sec. 8, page 7, after line 37, by inserting:

     “2.  Section 1 of this act expires by limitation on June 30, 2005.”.

     Amend the title of the bill, line 8, after “manner;” by inserting:

“requiring the public employees’ retirement board to conduct an experience study on the system of the employment of certain retired employees;”.