House Amendment 8449


PAG LIN

     1  1    Amend  the amendment, H=8400, to House File 2518 as
     1  2 follows:
     1  3 #1.  Page 1, by striking lines 9 through 22 and
     1  4 inserting:
     1  5    <___.  Page 20, after line 17 by inserting:
     1  6    <Sec. ___.  Section 411.5, Code 2009, is amended by
     1  7 adding the following new subsection:
     1  8    NEW SUBSECTION.  16.  Benefits and financing
     1  9 review.  At least every two years, the board shall
     1 10 review the benefits and finances provided under this
     1 11 chapter.  The board shall make recommendations to the
     1 12 general assembly concerning this review, which shall
     1 13 include recommendations concerning the long=term
     1 14 financing and benefits policy of the system.>
     1 15    ___.  By striking page 23, line 35, through page 25,
     1 16 line 26.
     1 17    ___.  Page 26, line 22, by striking <ADVISORY
     1 18 COMMITTEE> and inserting <BOARD>
     1 19    ___.  Page 26, line 23, by striking <benefits
     1 20 advisory committee> and inserting <board of trustees>
     1 21    ___.  Page 26, by striking lines 26 through 28 and
     1 22 inserting <examination of the benefits and finances
     1 23 provided under chapter 411, including an examination
     1 24 of the long=term financing and benefits policy of the
     1 25 system, with the goal of making recommendations for>
     1 26    ___.  Page 26, by striking lines 32 through 35 and
     1 27 inserting:
     1 28    <2.  On or before January 10, 2011, the board shall
     1 29 file a report with the general assembly which contains
     1 30 the results of the comprehensive >>
     1 31 #2.  By renumbering as necessary.


                                        
          HUSER of Polk


                                        
          MASCHER of Johnson


                                        
          KELLEY of Black Hawk


                                        
          PETTENGILL of Benton


                                        
          DRAKE of Cass


                                        
          FREVERT of Palo Alto
          HF2518.2340 (3) 83
          ec/sc

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