Rep. COBB-HUNTER proposes the following Amendment No. to H.5150 as introduced by Ways & Means

(Doc Name COUNCIL\SA\5150C010.GT.SA22.DOCX):

EXPLANATION:

Amend the bill, as and if amended, Part IB, Section 108, PUBLIC EMPLOYEE BENEFIT AUTHORITY, page 474, after line 31, by adding an appropriately numbered paragraph to read:

/(PEBA: Retiree benefits) (A)(1) There is created The Retirement System Study Committee. The committee consists of:

(a) the executive director of PEBA, or his designee;

(b) two members of the Senate Finance Committee appointed by its chairman;

(c) two members of the Ways and Means Committee appointed by its chairman; and

(d) two members of the State Employees Association, one of which must be a retiree.

(2) The committee shall elect a chairman from its membership.

(B) From the funds appropriated to The Public Employee Benefit Authority, The Retirement System Study Committee shall study the effects of Act 13 of 2017 on the unfunded liabilities of the system and the overall effects on the sustainability of the retirement systems. Further, the study committee shall study the potential effects of legislation that would allow emergency medical technicians to become members of the Police Officers Retirement System, and the effects of legislation that would increase the earnings limitation for a retired member of the Police Officers Retirement System. By June 30, 2023, the study committee shall deliver the findings of the studies to the General Assembly. /

Amend totals and titles to conform.