H1416B1584A01750 NAD:MAC 07/05/23 #90 A01750
AMENDMENTS TO HOUSE BILL NO. 1416
Sponsor: REPRESENTATIVE ROAE
Printer's No. 1584
Amend Bill, page 1, line 4, by inserting after "2023"
; in administration and miscellaneous provisions, providing for
bills implementing supplemental annuities
Amend Bill, page 1, line 4, by striking out "and,"
Amend Bill, page 1, line 5, by striking out the period after
"2023" and inserting
; and, in administration, funds, accounts and general
provisions, providing for bills implementing supplemental
annuities.
Amend Bill, page 1, line 9, by striking out "a section" and
inserting
sections
Amend Bill, page 4, by inserting between lines 5 and 6
§ 8511. Bills implementing supplemental annuities.
A bill implementing a supplemental annuity under this part
may not be given second consideration by the Senate or House of
Representatives until after the deadline to submit the results
of the stress test of the system to the General Assembly under
section 8510(a) (relating to stress test of system), which is
conducted and completed by the board after the annual actuarial
valuation required by section 8502(j) (relating to
administrative duties of board) for the fiscal year in which the
bill is introduced.
Amend Bill, page 4, line 6, by striking out "a section" and
inserting
sections
Amend Bill, page 6, line 22, by striking out all of said line
and inserting
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§ 5910. Bills implementing supplemental annuities.
A bill implementing a supplemental annuity under this part
may not be given second consideration by the Senate or House of
Representatives until after the deadline to submit the results
of the stress test of the system to the General Assembly under
section 5909(a) (relating to stress test of system), which is
conducted and completed by the board after the annual actuarial
valuation required by section 5902(j) (relating to
administrative duties of the board) for the calendar year in
which the bill is introduced.
Section 3. This act shall take effect as follows:
(1) The following shall take effect in 60 days:
(i) The addition of 24 Pa.C.S. § 8511.
(ii) The addition of 71 Pa.C.S. § 5910.
(2) The remainder of this act shall take effect
immediately.
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