Bill
Number: S.B. 1002
Leach
Floor Amendment
Reference
to: APPROPRIATIONS Committee amendment
Amendment
drafted by: Leg Council
FLOOR
AMENDMENT EXPLANATION
1. Prohibits
an Elected Officials Retirement Plan (EORP) member who gives an irrevocable
notice of resignation by June 30, 2022, with a retirement date no later than
September 30, 2022, notwithstanding statutory requirements for reemployment,
who subsequently becomes an elected official (subsequently elected member) from:
a)
making contributions to EORP;
b)
accruing credited service under EORP while holding office;
and
c)
participating in the Elected Officials' Defined
Contribution Retirement System.
2. Requires
the employer of a subsequently elected member to pay contributions at the
alternate contribution rate, regardless of when the retired member returns to
work.
3. Makes
conforming changes.
Fifty-fifth Legislature Leach
Second
Regular Session S.B. 1002
LEACH FLOOR AMENDMENT
SENATE AMENDMENTS TO S.B. 1002
(Reference to APPROPRIATIONS
Committee amendment)
Page 1, line
4, after "pension" insert "; reemployment; employer contributions"
Line 5,
before "notwithstanding" insert "A."
Between
lines 14 and 15, insert:
"B. Notwithstanding the reemployment provisions of section
38-804, a member who retires pursuant to this section and who
subsequently becomes an elected official may not:
1. Make
contributions to the plan.
2. Accrue
credited service under the plan while the retired member is holding office.
3. Participate
in the elected officials' defined contribution retirement system established pursuant
to article 3.1 of this chapter.
C. If
a member retires pursuant to this section and subsequently becomes an elected
official, REGARDLESS of when the retired member returns to work, the employer
shall pay contributions at an alternate contribution rate as required and
calculated pursuant to section 38-810.04."
Amend title to conform