HB4186 H FIN AM #1

    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.’.”