6531-S AMH SOMM FRAS 19

SSB 6531 - H AMD 669 ADOPTED 3-3-00

By Representative H. Sommers

     On page 4, after line 37, insert the following:

     "NEW SECTION. Sec. 4.  The joint committee on pension policy shall study the feasibility of providing an option of plan 2 or plan 3 for school employees retirement systems and teachers' retirement systems new employees, and it shall provide recommendations to the appropriate legislative committees by January 1, 2001."

     Renumber remaining sections consecutively and correct title and internal references accordingly.

EFFECT:  Directs the Joint Committee on Pension Policy to study the issue of making Plan 3 optional rather than mandatory for SERS and TRS new employees.