SB2404sam003 98TH GENERAL ASSEMBLY

Sen. Dale A. Righter

Filed: 5/9/2013

09800SB2404sam003 LRB098 09018 JDS 45697 a

AMENDMENT TO SENATE BILL 2404

AMENDMENT NO. ______. Amend Senate Bill 2404, AS AMENDED, as follows:

in Section 30, in Sec. 2-126, by inserting after the end of subsection (a-5) the following:

"(a-10) Notwithstanding any other provision of this Section, if for any fiscal year the General Assembly reduces the guaranteed funding formula or the available appropriations are insufficient to provide the amount required under that funding formula, then in that same fiscal year all employee contributions required under this Section shall be reduced by the same percentage as the percentage by which the guaranteed State funding or available appropriation was reduced below the amount required under that funding formula as initially certified by the System for that fiscal year.

If a court orders the State to pay full payment under the guaranteed funding formula, or if a supplemental appropriation sufficient to provide the amount required under that funding formula is enacted, then upon the first payment by the State at the level required by that funding formula, the required employee contribution rate shall return to the unreduced amount.

At the beginning of each fiscal year, the Commission on Government Forecasting and Accountability shall determine whether this subsection applies and, if so, the amount of the percentage reduction in employee contributions that shall be made under this subsection.

For the purposes of this subsection, "guaranteed funding formula" means the formula for the calculation of the required State contribution in Section 2-124 of this Code, as that Section existed immediately before the effective date of this amendatory Act of the 98th General Assembly."; and

in Section 30, in Sec. 14-133, by inserting after the end of subsection (a-5) the following:

"(a-10) Notwithstanding any other provision of this Section, if for any fiscal year the General Assembly reduces the guaranteed funding formula or the available appropriations are insufficient to provide the amount required under that funding formula, then in that same fiscal year all employee contributions required under this Section shall be reduced by the same percentage as the percentage by which the guaranteed State funding or available appropriation was reduced below the amount required under that funding formula as initially certified by the System for that fiscal year.

If a court orders the State to pay full payment under the guaranteed funding formula, or if a supplemental appropriation sufficient to provide the amount required under that funding formula is enacted, then upon the first payment by the State at the level required by that funding formula, the required employee contribution rate shall return to the unreduced amount.

At the beginning of each fiscal year, the Commission on Government Forecasting and Accountability shall determine whether this subsection applies and, if so, the amount of the percentage reduction in employee contributions that shall be made under this subsection.

For the purposes of this subsection, "guaranteed funding formula" means the formula for the calculation of the required State contribution in Section 14-131 of this Code, as that Section existed immediately before the effective date of this amendatory Act of the 98th General Assembly."; and

in Section 30, in Sec. 15-157, by inserting after the end of subsection (a-5) the following:

"(a-10) Notwithstanding any other provision of this Section, if for any fiscal year the General Assembly reduces the guaranteed funding formula or the available appropriations are insufficient to provide the amount required under that funding formula, then in that same fiscal year all employee contributions required under this Section shall be reduced by the same percentage as the percentage by which the guaranteed State funding or available appropriation was reduced below the amount required under that funding formula as initially certified by the System for that fiscal year.

If a court orders the State to pay full payment under the guaranteed funding formula, or if a supplemental appropriation sufficient to provide the amount required under that funding formula is enacted, then upon the first payment by the State at the level required by that funding formula, the required employee contribution rate shall return to the unreduced amount.

At the beginning of each fiscal year, the Commission on Government Forecasting and Accountability shall determine whether this subsection applies and, if so, the amount of the percentage reduction in employee contributions that shall be made under this subsection.

For the purposes of this subsection, "guaranteed funding formula" means the formula for the calculation of the required State contribution in Section 15-155 of this Code, as that Section existed immediately before the effective date of this amendatory Act of the 98th General Assembly."; and

in Section 30, in Sec. 16-152, by inserting after the end of subsection (a-5) the following:

"(a-10) Notwithstanding any other provision of this Section, if for any fiscal year the General Assembly reduces the guaranteed funding formula or the available appropriations are insufficient to provide the amount required under that funding formula, then in that same fiscal year all employee contributions required under this Section shall be reduced by the same percentage as the percentage by which the guaranteed State funding or available appropriation was reduced below the amount required under that funding formula as initially certified by the System for that fiscal year.

If a court orders the State to pay full payment under the guaranteed funding formula, or if a supplemental appropriation sufficient to provide the amount required under that funding formula is enacted, then upon the first payment by the State at the level required by that funding formula, the required employee contribution rate shall return to the unreduced amount.

At the beginning of each fiscal year, the Commission on Government Forecasting and Accountability shall determine whether this subsection applies and, if so, the amount of the percentage reduction in employee contributions that shall be made under this subsection.

For the purposes of this subsection, "guaranteed funding formula" means the formula for the calculation of the required State contribution in Section 16-158 of this Code, as that Section existed immediately before the effective date of this amendatory Act of the 98th General Assembly.".