Full Text of SB2404 98th General Assembly
SB2404sam003 98TH GENERAL ASSEMBLYSen. 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. 2126, by inserting after the end of  5   subsection (a5) the following:  6   " (a10) 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 2124 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. 14133, by inserting after the end of  17   subsection (a5) the following:  18   " (a10) 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 14131 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. 15157, by inserting after the end of  21   subsection (a5) the following:  22   " (a10) 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 15155 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. 16152, by inserting after the end of  25   subsection (a5) the following: 
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 1   " (a10) 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 16158 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. ".

