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000705 http://www. copera. org/pera/legislation/2000 le&j . ~ .. ~, P.... of the accumulated sick leave each fiSCal year. Paymeat of the sick leave shall be at the "'te of 15% of the sick leave hours conVerted. (While this will increase salary for PERA Plllposes, this will not add any "''''ice "edit to the membefs acCOUnt) Oth" emplOyers a/liliated with PERA are aUthori""d to apply these provisinns to the;' emplnyees; the sick leave .days eligihle fOI' conversiou may be converted into salary at the ""e of 15% of the".,. diem 'alary of each day con vetted and the days converted shaIl be based on emplnyee leave balances as of Dec. 31, 1999, or the end of the Previous fi'cal year, Whichever is earlier. · Changing the annual benefit increase calculation to 3.5% based on the 'otal benefit payable; the change wnuld OCcur with the Mareh 200 I inc"ase. AI,n, ProVides fnr beneflts not yet paid to vested inactive membe!'S with at least 25 years of "'Nice and benefilS fi" 'IUvivo!'S of deceased vested inactive members who had at least 25 years of se"'ice to increase by 3.5% annuaIly up to the beginning date of the benefit. · Designating that 30% of the amOUnt of any l'eduction in the employ" contribution "''''' that occ"" on Or after July I, 200 I, that amortizes any PERA oVerlimding, be deposited in the Health c.,.. T_ Fund, and that 20% of the amount be OSed to l'educe employ.,. cootrioution,. (The law cun-ently ProVides for 50% of the overtUnding be Used in the pt'ogJ'am to match voluntary contributions to defmed contrioutioo plans.) · To dOWnload or view a COpy of HB 00-1458, go to the !::Olo"'JIQ.9ea".!1!.! ,1,ssembjy Web 'ite and ""oIl doWn to "HB 00-1458 doWnIODd." HB 00-1222: Work Aft" Reti"'ment - ClaSSUied Sehool POSi'inns. SPOnsored by Rep. BOb Bacon (Ft CoIlins) and Sen. Stan MalSunaka (Loveland). The bill a/Jows a 'chooI district to declare a critical shonage of nonlicensed employee. if the district is 1mBhle to h"" the oumb.,. of emplOYees needed. (Nonlieen"'d employees include bns drivers, COok~ cnstodian~ and 'ecretaries.) Once the di'trict deelares the critical shOrtage, PERA "'",ice retirees hiJ'ed in nonli_ed !'OSition, Would be allOWed to work with no limitation or reduction in PERA benefits. The House passed the biIl on February 21 by a 36-29 VOte. A, amended the bi/J wonld sunset (be "Pealed) on July I, 2003. The Seaate _ HB 1222 on Second Reading on March 22. Due to amen<line"" added in the Senate, PERA is no longer oPPosing the bill, but is neutral. Aft" a final Vote by the Senate in the next dayOT 'two, tha biIl wi/J go back to the Honse of Rep""entatives to include the amea<linenlS. Thi, bill Would become effective July 1, 2000, if enacted into law. Senate amendments to HB 1222 inclUded: To declare a critical shonage, a 'chooI district Would have to have posted the vacancy for the classified !'OSition for at least one month, ,olien applications through local newspape!'S, and detennine that the" is an insu/licient nam"" of eligible applieanlS for the classified school Positions. A. SOOn as a critiCal shot1age is declared, employ.,. contributions to PERA Would begin on salary paid to the retit-ees from the;" classified employment. A school di,trict COuld declare a critical shotfage for ouly one Year at a time (reneWnble if a critical sh<>t1age stiIl exists at the end of the year, but this whole statute expires 7/1/2003). l;Q PERA "tiree Could retnm to Work for ~ PERA employ" until the month fOIloWing the month of the effectiVe date of retirement. (A. an example, an emplOyee whose effective date of retirement is July 1,2000, Could not Work for a PERA employer as a retiree until August 1,2000.) Thi. Would a I to alI retirees whose effectiVe date Q[.lOtirem"!1!J!.lu~.l..2OQQ,~..!!QUJwJ'L"t""S!-"'OrkiJJg.l!! classified school ositions dUrin a critical shorta e. 4