H1995B2798A04410 AJM:JMT 01/06/20 #90 A04410
AMENDMENTS TO HOUSE BILL NO. 1995
Sponsor: REPRESENTATIVE RYAN
Printer's No. 2798
Amend Bill, page 2, by inserting between lines 9 and 10
"Commonwealth." The Commonwealth of Pennsylvania.
Amend Bill, page 3, lines 8 through 10, by striking out
"lessons" in line 8 and all of lines 9 and 10 and inserting
if the Commonwealth can become bankrupt or insolvent and
to determine lessons learned on the impact that insolvency
proceedings may have on the Commonwealth's ability to meet
its financial obligations in annual operating budgets.
(2) Assess how insolvency proceedings may affect the
Commonwealth's ability to meet its obligations to make
employer contributions to the Public School Employees'
Retirement System under 24 Pa.C.S. § 8326 (relating to
contributions by the Commonwealth) and to the State
Employees' Retirement System under 71 Pa.C.S. § 5507
(relating to contributions to the system by the Commonwealth
and other employers), including employer contributions
necessary to pay each system's respective unfunded actuarial
accrued liability.
(3) Assess how insolvency proceedings may affect the
ability of the State Employees' Retirement System and the
Public School Employees' Retirement System to pay benefits to
annuitants and beneficiaries.
Amend Bill, page 3, line 11, by striking out "(2)" and
inserting
(4)
Amend Bill, page 3, line 14, by striking out "worst case" and
inserting
worst-case
Amend Bill, page 3, line 17, by striking out "(3)" and
inserting
(5)
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Amend Bill, page 3, line 18, by striking out "on the
Commonwealth's financial" and inserting
for financial
Amend Bill, page 3, line 18, by inserting after "and"
other
Amend Bill, page 3, line 19, by inserting after "the"
associated
Amend Bill, page 3, line 20, by striking out "(4)" and
inserting
(6)
Amend Bill, page 4, lines 9 through 11, by striking out ",
which may include, but shall not be limited" in line 9, all of
line 10 and "Commission" in line 11
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