HB 1921-1_ Filed 02/26/2001, 20:30

Text Box

    PREVAILED      Roll Call No. _______
    FAILED        Ayes _______
    WITHDRAWN        Noes _______





    I move that House Bill 1921 be amended to read as follows:

SOURCE: Page 4, line 39; (01)MO192101.4. -->     Page 4, between lines 39 and 40, begin a new paragraph and insert:
SOURCE: ; (01)MO192101.6. -->     "SECTION 6. [EFFECTIVE JULY 1, 2001] (a) This SECTION applies to a city hospital in a third class city established under IC 16-23-1.
    (b) As used in this SECTION, "fund" refers to the public employees' retirement fund established by IC 5-10.3-2-1.
    (c) If, on July 1, 2001, a hospital described in subsection (a) has an account with the fund for the benefit of its former employees, but:
        (1) the hospital's assets have been sold to a private entity; and
        (2) the hospital's employees have become employees of the private entity;
the board of trustees of the fund shall transfer the entire value of the assets attributed to the hospital's participation in the fund to the fund account of the county where the hospital is located and shall add the amounts in the hospital's fund account to the county's fund account.
    (d) A county whose fund account includes amounts transferred from the fund account of a hospital under subsection (c) assumes all of the assets and liabilities attributable to the hospital's fund account, except for any liability that:
        (1) is attributable to employer contributions due the fund; and
        (2) arose before January 1, 2000.
    (e) Any
liability of a hospital described in subsection (c) with respect to employer contributions that remain unpaid on July 1, 2001, is canceled, and the fund may not take any further action to collect those employer contributions.
     (f) This SECTION expires January 1, 2002.".
    Renumber all SECTIONS consecutively.
    (Reference is to HB 1921 as printed February 23, 2001.)


Representative Sturtz

MO192101/DI 102     2001