2011 Session

Budget Amendments - HB1500 (Conference Report)

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Restore ORP Funding for Plan 1 Employees

Item 469 #1c

Item 469 #1c

First Year - FY2011 Second Year - FY2012
Central Appropriations
Central Appropriations FY2011 $0 FY2012 $7,147,767 GF

Page 402, line 7, strike "($27,327,805)" and insert "($20,180,038)".
Page 410, strike lines 15 through 23.
Page 410, strike lines 34 through 38.

(This amendment deletes language included in the introduced budget decreasing the employer contribution for Plan 1 employees in the retirement system prior to July 1, 2010, in the optional retirement plan for higher education faculty, from 10.4 percent to 8.5 percent. The amendment restores the funding to continue the contributions at the 10.4 percent rate.)