SB532 H P&R AM #1

Chakmakian 3260

The Committee on Pensions and Retirement moved to amend the bill on page 1, section 28a, line 1, by striking “death of the last remaining retiree or beneficiary receiving benefits under a policemen’s pension and relief fund or a firemen’s pension and relief fund, the assets remaining in the fund, if any, shall be transferred to the municipality” and inserting in lieu thereof “cessation of any and all benefit payments to retirees or retiree beneficiaries because of death or disqualification, the board shall transfer the remaining assets of a policemen’s pension and relief fund or a firemen’s pension and relief fund to the municipality”.

Adopted

Rejected