Senate Amendment 5375


PAG LIN




     1  1    Amend Senate File 2424 as follows:
     1  2 #1.  Page 19, by striking line 27 and inserting the
     1  3 following:
     1  4    <2.  For purposes of this>.
     1  5 #2.  Page 19, line 28, by inserting after the word
     1  6 <requires> the following:  <, for members in regular
     1  7 service>.
     1  8 #3.  By striking page 19, line 35, through page 20,
     1  9 line 10, and inserting the following:
     1 10    <c.  "Total additional percentage" means as
     1 11 follows:
     1 12    (1)  For the fiscal period beginning July 1, 2007,
     1 13 through June 30, 2011, the total additional percentage
     1 14 for a fiscal year shall be the total additional
     1 15 percentage for the prior fiscal year plus, only if the
     1 16 total comparison percentage is greater than the total
     1 17 of the applicable employee percentage and the
     1 18 applicable employer percentage for the prior fiscal
     1 19 year, one=half percentage point.
     1 20    (2)  For each fiscal year beginning on or after
     1 21 July 1, 2011, the total additional percentage shall be
     1 22 the total additional percentage for the prior fiscal
     1 23 year.>
     1 24 #4.  Page 20, by striking lines 18 through 24.
     1 25 #5.  Page 21, line 7, by striking the words
     1 26 <members in regular service,>.
     1 27 #6.  Page 32, lines 26 and 27, by striking the
     1 28 words <members in regular service,>.
     1 29 #7.  By renumbering, redesignating, and correcting
     1 30 internal references as necessary.
     1 31
     1 32
     1 33                               
     1 34 STEVE KETTERING
     1 35 SF 2424.501 82
     1 36 ec/ml/12
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