| 1 | Representative Needelman offered the following: |
| 2 |
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| 3 | Amendment to Amendment (197813) (with title amendment) |
| 4 | Between lines 2009 and 2010, insert: |
| 5 | Section 27. A study shall be conducted by a committee to |
| 6 | determine the available processes and different retirement |
| 7 | options for returning employees, as well as the benefits and |
| 8 | negatives; constitutional issues; federal issues, including, but |
| 9 | not limited to, ERSA and IRS; investment options; and the |
| 10 | savings versus the costs of such options. The committee shall be |
| 11 | comprised of five members. Three members shall be appointed by |
| 12 | the Governor, one with knowledge of tax issues, one with |
| 13 | knowledge of investment options, and one who is a large |
| 14 | investment firm retirement expert. One member from the Division |
| 15 | of Retirement shall be appointed by the division's director and |
| 16 | One member from the Chief Financial Officer's office shall be |
| 17 | appointed by the Chief Financial Officer. The committee shall |
| 18 | report its findings to the Speaker of the House of |
| 19 | Representatives and the President of the Senate by June 30, |
| 20 | 2010. |
| 21 |
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| 22 | ----------------------------------------------------- |
| 23 | T I T L E A M E N D M E N T |
| 24 | Between lines 2122 and 2123, insert: |
| 25 | requiring a study by committee for specified purposes relating |
| 26 | to retirement programs; providing membership; providing |
| 27 | reporting requirements; |