5791-S2 AMS ZARE GORR 425

2SSB 5791 - S AMD 230

By Senator Zarelli

    On page 3, line 5, after "workers.", insert the following:

"The program established under this section shall not accept any enrollees until the director has established procedures, including the adoption of regulations, ensuring that the program will meet all compliance responsibilities under federal tax law and the Federal Employee Retirement Income Security act of 1974."

EFFECT: Requires the state program to comply with the same federal tax laws that the private sector must comply with in offering this product.  

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