H0181B1461A00908 SFR:EJH 06/08/23 #90 A00908
AMENDMENTS TO HOUSE BILL NO. 181
Sponsor: REPRESENTATIVE FLOOD
Printer's No. 1461
Amend Bill, page 18, by inserting between lines 20 and 21
(3) If the actuarial experience study determines that
the premium contribution rate in effect under this subsection
is less than the amount necessary to ensure the solvency of
the fund, the department shall reduce benefits calculated
under section 305 on a pro rata basis by the percentage
necessary to ensure continued operation of the program.
Amend Bill, page 18, line 29, by striking out "(3)" and
inserting
(4)
Amend Bill, page 18, line 29, by inserting after "rate"
determined under paragraph (1) and the rate of any
benefit reduction implemented under paragraph (3)
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