Sen. Ram Villivalam
Filed: 1/12/2022
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| 1 | AMENDMENT TO SENATE BILL 2989
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| 2 | AMENDMENT NO. ______. Amend Senate Bill 2989 as follows:
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| 3 | on page 4, line 11, by replacing "16.5% of" with "the employee | ||||||
| 4 | and employer contribution that would have been required had | ||||||
| 5 | such service been rendered as a member based on 16.5% of"; and | ||||||
| 6 | on page 4, line 14, after "thereon", by inserting "at the | ||||||
| 7 | actuarially assumed rate"; and | ||||||
| 8 | on page 4, by replacing lines 17 and 18 with "payment, | ||||||
| 9 | compounded annually, at a rate determined by the Board the | ||||||
| 10 | rate of 8.0% per year.".
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