SB239 S FIN AM #1

Sutherland 4840

    The Committee on Finance moved to amend the bill on page two, section one, line four, after the word “authorized” by striking out the period and adding the following: with the following amendment:

    On page three, section eight, subsection 8.1, after the words “fourteen and five-tenths (14.5%) of each compensation payment of all its employees who are members of the Public Employees Retirement System” by changing the period to a colon and inserting the following: And provided further, that beginning July 1, 2012, each participating public employer shall contribute fourteen percent (14%) of each compensation payment of all its employees who are members of the Public Employees Retirement System.

Adopted

Rejected