NEBRASKA RETIREMENT SYSTEMS COMMITTEE

EXECUTIVE SESSION

 

LB 1001

 

February 4, 1992

 

A motion was made to adopt the following amendment:

 

To strike the proposal that the formula multiplier would be increased from 1.65% to 1.70% for those members who retire following the implementation date of this change.

 

MOTION:  Senator Moore

SECOND:  Senator Schmit

 

VOTE:

Aye:  Senators Abboud, Elmer, Moore, Schmit

Not Voting:  Senators Crosby, Nelson

 

MOTION CARRIED

 

 

February 4, 1992

 

A motion was made to advance the bill to General File as amended.

 

MOTION:  Senator Moore

SECOND:  Senator Elmer

 

VOTE:

Aye:  Senators Abboud, Crosby, Elmer, Moore, Nelson Nelson and Schmit

 

PASSED

 

 

Senator Arlene Nelson

Chairperson

 

Judy Zohner

Committee Clerk