SB523 H P&R AM#1

Chakmakian 3260

The Committee on Pensions and Retirement moved to amend the bill on page one, section 28, line 11, by striking subsection (b) in its entirety and inserting in lieu thereof the following:

“(b) On or before October 1, 2015, the 2024, all participating employers shall jointly submit a plan to the State Auditor, pursuant to §5-7-5 of this code, , as the designated state agency under the Social Security Act, to extend Social Security benefits to members of the retirement system as authorized by §5-7-5 and applicable federal laws. The State Auditor shall assist the participating employers in complying with the requirements for providing extension of Social Security benefits to members of the retirement system.”

Adopted

Rejected