View Amendment Current Amendment: 394C006.BH.SA17.docx to Bill 394     Senator BENNETT proposed the following amendment (SA\394C006.BH.SA17):
    Amend the bill, as and if amended, SECTION 1, by striking Section 9-1-1085(A) and inserting:

/     "Section 9-1-1085.     (A)     As provided in Sections 9-1-1020 and 9-1-1050, the employer and employee contribution rates for the system beginning in Fiscal Year 2012-2013 2017-2018, expressed as a percentage of earnable compensation, are as follows:

    Fiscal Year         Employer Contribution         Employee Contribution
    2012-2013                         10.60                                     7.00
    2013-2014                         10.60                                     7.50
    2014-2015 and after         10.90                                     8.00
    2017-2018                         13.56                                     9.00
    2018-2019                         14.56                                     9.00
    2019-2020                         15.56                                     9.00
    2020-2021                         16.56                                     9.00
    2021-2022                         17.56                                     9.00
    2022-2023                         18.56                                     9.00
    2023-2024                         18.56                                     9.00
    2024-2025                         18.56                                     9.00
    2025-2026                         18.56                                     9.00
    2026-2027 and after         18.56                                     9.00

    The employer contribution rate set out in this schedule includes contributions for participation in the incidental death benefit plan provided in Sections 9-1-1770 and 9-1-1775. The employer contribution rate for employers that do not participate in the incidental death benefit plan must be adjusted accordingly. /

    Amend the bill further, as and if amended, SECTION 1, by striking Section 9-11-225(A) and inserting:

/     "Section 9-11-225.     (A)     As provided in Sections 9-11-210 and 9-11-220, the employer and employee contribution rates for the system beginning in Fiscal Year 2012-2013 2017-2018, expressed as a percentage of earnable compensation, are as follows:

    Fiscal Year         Employer Contribution         Employee Contribution
    2012-2013                         12.30                                     7.00
    2013-2014                         12.50                                     7.50
    2014-2015 and after         13.00                                     8.00
    2017-2018                         16.24                                     9.75
    2018-2019                         17.24                                     9.75
    2019-2020                         18.24                                     9.75
    2020-2021                         19.24                                     9.75
    2021-2022                         20.24                                     9.75
    2022-2023                         21.24                                     9.75
    2023-2024                         21.24                                     9.75
    2024-2025                         21.24                                     9.75
    2025-2026                         21.24                                     9.75
    2026-2027 and after         21.24                                     9.75

    The employer contribution rate set out in this schedule includes contributions for participation in the incidental death benefit plan provided in Sections 9-11-120 and 9-11-125 and for participation in the accidental death benefit program provided in Section 9-11-140. The employer contribution rate for employers that do not participate in these programs must be adjusted accordingly.     /

    Renumber sections to conform.
    Amend title to conform.