Amendment ID: S44-2-R1

Redraft Amendment 2

Guarantee of Direct Payroll Savings to the Commonwealth

Ms. Donoghue moves to amend the bill in section 10, by adding the following 2 sentences:-

“The report shall also detail the anticipated direct payroll savings from the retirement incentive program based on the number of applications received or anticipated to be received on or before May 29, 2015.  If the anticipated direct payroll savings is less than $325,100,000 or if the anticipated net savings is less than $171,900,000 in fiscal year 2016, the report shall describe in detail which additional measures, including implementation of clauses (i), (ii) and (iv) of subsection (b) of section 2, shall immediately be instituted so that the total direct payroll savings shall equal or exceed a net savings of $171,900,000 in fiscal year 2016.”.