Amend 47-2-334. This bill would affect persons who first become members on or after July 1, 2008 and those persons who again become members on or after July 1, 2008 who did not have a vested right to reinstatement in the ERS.  This bill would mandate that the amount of the retirement allowance provided to such members would be determined based upon the amount of the funds appropriated by the General Assembly but in no case would the retirement allowance be less than 1.5 percent or greater than 2 percent.