View Amendment Current Amendment: 3 to Bill 3726 Rep. HERBKERSMAN proposes the following Amendment No. 3 to H. 3726 (COUNCIL\SA\3726C003.DKA.SA17):

Reference is to Printer's Date 2/21/17--H.

Amend the bill, as and if amended, PART II, by adding appropriately numbered SECTION to read:

/      SECTION      _.      Section 9-1-240 of the 1976 Code is amended to read:

     "Section 9-1-240.      The board shall designate an actuary, subject to the approval of the State Fiscal Accountability Authority, or its successor who shall be is the technical adviser of the board on matters regarding the operation of the system and shall perform such other duties as are required in connection therewith; provided, however, that the Retirement System Investment Commission is a third-party beneficiary of the contract with the actuary, with full rights to all actuarial valuations prepared by the actuary. The board shall provide to the State Fiscal Accountability Authority or its successor actuarial valuations and reports requested." /

Renumber sections to conform.
Amend title to conform.