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House Journal: Page 753: Tuesday, March 17, 1998

14   completed thirty twenty years of membership service.
15     3.  The first of any month in which the member has
16   completed thirty twenty years of membership service
if
17   the member has attained the age of sixty-two years but
18   is not yet sixty-five years of age."
19     3.  Page 36, by inserting after line 8 the
20   following:
21     "d.  The member is an active or inactive vested
22   member retiring on or after July 1, 1986, and before
23   January 1, 1999, who is at least sixty-two years of
24   age and who has completed thirty years of membership
25   service."
26     4.  Page 45, line 21, by striking the word
27   "thirty" and inserting the following:  "thirty
28   twenty".
29     5.  Page 46, line 24, by striking the word
30   "thirty" and inserting the following:  "thirty
31   twenty".
32     6.  Page 46, line 25, by striking the word "full"
33   and inserting the following:  "full".
34     7.  Page 67, line 27, by inserting after the word
35   "APPLICABILITY." the following:
36     "a."
37     8.  Page 67, by inserting after line 30 the
38   following:
39     "b.  The portion of section 22 that amends section
40   97B.45, subsections 1, 2, and 3, and section 38,
41   amending section 97B.50, are effective January 1,
42   1999, and apply to members retiring on or after
43   January 1, 1999."
44     9.  By renumbering as necessary.
Amendment H-8345 was adopted.
Larkin of Lee offered amendment H-8389 filed by him as follows:

H-8389

 1     Amend House File 2496 as follows:
 2     1.  Page 16, by striking lines 6 through 12 and
 3   inserting the following:
 4     "(1)  The first of any month in which a member
 5   meets the membership service and age requirements to
 6   retire under section 97B.49, subsection 15 the
member
 7   is at least fifty-five years of age and for which the
 8   sum of the number of years of membership service and
 9   prior service and the member's age in years as of the
10   member's last birthday equals or exceeds eighty-five.
11     (2)  The department shall implement this subsection
12   on July 1, 1998, or on the date that the department
13   determines that the most recent annual actuarial
14   valuation of the system indicates that the employer
15   and employee contribution rates in effect under

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Last update: Wed Mar 18 13:40:03 CST 1998
URL: /DOCS/GA/77GA/Session.2/HJournal/00700/00753.html
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