HB 1306-2_ Filed 02/23/2004, 10:35 Lewis

SENATE MOTION


MADAM PRESIDENT:

    I move
that Engrossed House Bill 1306 be amended to read as follows:

SOURCE: Page 1, line 1; (04)MO130601.1. -->     Page 1, between the enacting clause and line 1, begin a new paragraph and insert:
SOURCE: IC 5-10.2-5-35; (04)MO130601.1. -->     "SECTION 1. IC 5-10.2-5-35 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2004]: Sec. 35. (a) In addition to any other cost of living adjustment provided under this chapter, the pension portion (plus postretirement increases to the pension portion) provided by employer contribution of the monthly benefit payable after June 30, 2004, to a member of the public employees' retirement fund (or a survivor or beneficiary of a member) who was retired or disabled before July 2, 2002, and who was entitled to receive a monthly benefit on October 1, 2003, shall be increased by the following percentages:
        (1) Two percent (2%), for a member who retired or was disabled before January 1, 1990.
        (2) One percent (1%), for a member who retired or was disabled after December 31, 1989.
    (b) The monthly amount of the increase described in subsection (a) payable to a member of the public employees' retirement fund (or to a survivor or beneficiary of a member) may not be less than eight dollars and fifty cents ($8.50).
    (c) The increases specified in this section:
        (1) are based on the date of the member's latest retirement;
        (2) do not apply to benefits payable in a lump sum; and
        (3) are in addition to any other increase provided by law.
".
SOURCE: Page 1, line 8; (04)MO130601.1. -->     Page 1, between lines 8 and 9, begin a new paragraph and insert:
    " (b) The monthly amount of the increase described in subsection (a) payable to a member of the public employees' retirement fund (or to a survivor or beneficiary of a member) may

not be less than five dollars ($5).".
    Page 1, line 9, delete "(b)" and insert " (c)".
    Renumber all SECTIONS consecutively.
    (Reference is to EHB 1306 as printed February 20, 2004.)

________________________________________

Senator LEWIS


MO130601/DI 44
2004