Establishing a cash balance plan under the State Retirement and
Pension System; requiring that individuals who on June 30, 2012, are
members of specified pension systems become members of the cash
balance plan on July 1, 2012; requiring that specified individuals who
are employed on or after July 1, 2012, become members of the cash
balance plan; requiring the Board of Trustees of the State Retirement
and Pension System to administer the cash balance plan; making
provisions of the Act subject to a contingency; etc.