to adopt substitute (H-1) to HB 5516.
Representative Hood moved to adopt substitute (H-1) to HB 5516. The motion prevailed 28-0-0: FAVORABLE ROLL CALL Yeas: Reps. Witwer, O'Neal, Brixie, Hood, Brabec, Morse, Puri, Steckloff, Weiss, Martus, McKinney, Mentzer, Morgan, Price, Skaggs, Snyder, Wilson, Bollin, Green, Slagh, Beson, Borton, Fink, Cavitt, DeBoer, Kuhn, Schuette, Steele. Nays: None. Pass: None. Representative Brixie offered the following amendment to HB 5516: 1. Amend page 86, following line 14, by inserting: "Sec. 822l. (1) The office of retirement services shall contract with the state’s actuary to conduct a study that provides an array of options and corresponding costs related to providing an increase in the cost-of-living adjustment in the state employees' retirement system created under section 2 of the state employees' retirement act, 1943 PA 240, MCL 38.2, which is currently the lesser of $300.00 or 3% of a retiree’s pension. (2) The study must include all of the following: (a) Options for 1-time and permanent adjustments. (b) The number of individuals impacted. (c) The short and long-run costs of providing cost-of-living adjustments. (3) The cost of the study must be paid for from unexpended and unencumbered funds appropriated in 2023 PA 119 for actuarial study.".