Full Text of SB2404 98th General Assembly
SB2404sam003 98TH GENERAL ASSEMBLY | Sen. Dale A. Righter Filed: 5/9/2013
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| 1 | | AMENDMENT TO SENATE BILL 2404
| 2 | | AMENDMENT NO. ______. Amend Senate Bill 2404, AS AMENDED, | 3 | | as follows: | 4 | | in Section 30, in Sec. 2-126, by inserting after the end of | 5 | | subsection (a-5) the following: | 6 | | " (a-10) Notwithstanding any other provision of this | 7 | | Section, if for any fiscal year the General Assembly reduces | 8 | | the guaranteed funding formula or the available appropriations | 9 | | are insufficient to provide the amount required under that | 10 | | funding formula, then in that same fiscal year all employee | 11 | | contributions required under this Section shall be reduced by | 12 | | the same percentage as the percentage by which the guaranteed | 13 | | State funding or available appropriation was reduced below the | 14 | | amount required under that funding formula as initially | 15 | | certified by the System for that fiscal year. | 16 | | If a court orders the State to pay full payment under the | 17 | | guaranteed funding formula, or if a supplemental appropriation |
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| 1 | | sufficient to provide the amount required under that funding | 2 | | formula is enacted, then upon the first payment by the State at | 3 | | the level required by that funding formula, the required | 4 | | employee contribution rate shall return to the unreduced | 5 | | amount. | 6 | | At the beginning of each fiscal year, the Commission on | 7 | | Government Forecasting and Accountability shall determine | 8 | | whether this subsection applies and, if so, the amount of the | 9 | | percentage reduction in employee contributions that shall be | 10 | | made under this subsection. | 11 | | For the purposes of this subsection, "guaranteed funding | 12 | | formula" means the formula for the calculation of the required | 13 | | State contribution in Section 2-124 of this Code, as that | 14 | | Section
existed immediately before the effective date of this | 15 | | amendatory Act of
the 98th General Assembly. "; and | 16 | | in Section 30, in Sec. 14-133, by inserting after the end of | 17 | | subsection (a-5) the following: | 18 | | " (a-10) Notwithstanding any other provision of this | 19 | | Section, if for any fiscal year the General Assembly reduces | 20 | | the guaranteed funding formula or the available appropriations | 21 | | are insufficient to provide the amount required under that | 22 | | funding formula, then in that same fiscal year all employee | 23 | | contributions required under this Section shall be reduced by | 24 | | the same percentage as the percentage by which the guaranteed | 25 | | State funding or available appropriation was reduced below the |
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| 1 | | amount required under that funding formula as initially | 2 | | certified by the System for that fiscal year. | 3 | | If a court orders the State to pay full payment under the | 4 | | guaranteed funding formula, or if a supplemental appropriation | 5 | | sufficient to provide the amount required under that funding | 6 | | formula is enacted, then upon the first payment by the State at | 7 | | the level required by that funding formula, the required | 8 | | employee contribution rate shall return to the unreduced | 9 | | amount. | 10 | | At the beginning of each fiscal year, the Commission on | 11 | | Government Forecasting and Accountability shall determine | 12 | | whether this subsection applies and, if so, the amount of the | 13 | | percentage reduction in employee contributions that shall be | 14 | | made under this subsection. | 15 | | For the purposes of this subsection, "guaranteed funding | 16 | | formula" means the formula for the calculation of the required | 17 | | State contribution in Section 14-131 of this Code, as that | 18 | | Section
existed immediately before the effective date of this | 19 | | amendatory Act of
the 98th General Assembly. "; and | 20 | | in Section 30, in Sec. 15-157, by inserting after the end of | 21 | | subsection (a-5) the following: | 22 | | " (a-10) Notwithstanding any other provision of this | 23 | | Section, if for any fiscal year the General Assembly reduces | 24 | | the guaranteed funding formula or the available appropriations | 25 | | are insufficient to provide the amount required under that |
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| 1 | | funding formula, then in that same fiscal year all employee | 2 | | contributions required under this Section shall be reduced by | 3 | | the same percentage as the percentage by which the guaranteed | 4 | | State funding or available appropriation was reduced below the | 5 | | amount required under that funding formula as initially | 6 | | certified by the System for that fiscal year. | 7 | | If a court orders the State to pay full payment under the | 8 | | guaranteed funding formula, or if a supplemental appropriation | 9 | | sufficient to provide the amount required under that funding | 10 | | formula is enacted, then upon the first payment by the State at | 11 | | the level required by that funding formula, the required | 12 | | employee contribution rate shall return to the unreduced | 13 | | amount. | 14 | | At the beginning of each fiscal year, the Commission on | 15 | | Government Forecasting and Accountability shall determine | 16 | | whether this subsection applies and, if so, the amount of the | 17 | | percentage reduction in employee contributions that shall be | 18 | | made under this subsection. | 19 | | For the purposes of this subsection, "guaranteed funding | 20 | | formula" means the formula for the calculation of the required | 21 | | State contribution in Section 15-155 of this Code, as that | 22 | | Section
existed immediately before the effective date of this | 23 | | amendatory Act of
the 98th General Assembly. "; and | 24 | | in Section 30, in Sec. 16-152, by inserting after the end of | 25 | | subsection (a-5) the following: |
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| 1 | | " (a-10) Notwithstanding any other provision of this | 2 | | Section, if for any fiscal year the General Assembly reduces | 3 | | the guaranteed funding formula or the available appropriations | 4 | | are insufficient to provide the amount required under that | 5 | | funding formula, then in that same fiscal year all employee | 6 | | contributions required under this Section shall be reduced by | 7 | | the same percentage as the percentage by which the guaranteed | 8 | | State funding or available appropriation was reduced below the | 9 | | amount required under that funding formula as initially | 10 | | certified by the System for that fiscal year. | 11 | | If a court orders the State to pay full payment under the | 12 | | guaranteed funding formula, or if a supplemental appropriation | 13 | | sufficient to provide the amount required under that funding | 14 | | formula is enacted, then upon the first payment by the State at | 15 | | the level required by that funding formula, the required | 16 | | employee contribution rate shall return to the unreduced | 17 | | amount. | 18 | | At the beginning of each fiscal year, the Commission on | 19 | | Government Forecasting and Accountability shall determine | 20 | | whether this subsection applies and, if so, the amount of the | 21 | | percentage reduction in employee contributions that shall be | 22 | | made under this subsection. | 23 | | For the purposes of this subsection, "guaranteed funding | 24 | | formula" means the formula for the calculation of the required | 25 | | State contribution in Section 16-158 of this Code, as that | 26 | | Section
existed immediately before the effective date of this |
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| 1 | | amendatory Act of
the 98th General Assembly. ".
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