COMMITTEE ON GOVERNMENT & ELECTIONS
HOUSE OF REPRESENTATIVES AMENDMENTS TO S.B. 1082
(Reference to Senate engrossed bill)
Page 11, line 20, strike "after the employer reports zero or less than zero" insert "either:
(a) in an amount greater than the employer's"
Line 21, after "liability" strike remainder of line
Line 22, strike "standards report" insert "as reflected by ASRS in its most recent applicable governmental accounting standards report"
Strike lines 23 through 27, insert:
"(b) After the total of the unamortized prepaid 401(a) pension contributions and the accrued earnings are equal to or greater than the employer's net pension liability as reflected by ASRS in its most recent applicable governmental accounting standards report.
8. Notwithstanding any other provision of this subsection, the employer shall elect an amortization schedule by written agreement with ASRS, and the amortization period shall begin in the fiscal year following the earlier of:
(a) The employer's net pension liability is zero or less as reflected by ASRS in its most recent applicable governmental accounting standards report.
(b) The total of the unamortized prepaid 401(a) pension contributions and the accrued earnings are equal to or greater than the employer's net pension liability as reflected by ASRS in its most recent applicable governmental accounting standards report."
Page 11, line 29, strike "annual"; after "schedule" insert "annually"
Page 12, strike lines 5 through 7
Reletter to conform
Amend title to conform