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.
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