CSHB 198(RLS): "An Act relating to a post-retirement pension adjustment for certain persons receiving benefits under the Elected Public Officers Retirement System, and establishing and relating to a Compensation Commission for State Officials."
00 CS FOR HOUSE BILL NO. 198(RLS) 01 "An Act relating to a post-retirement pension adjustment for certain persons receiving 02 benefits under the Elected Public Officers Retirement System, and establishing and 03 relating to a Compensation Commission for State Officials." 04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 05 * Section 1. The uncodified law of the State of Alaska is amended by adding a new section 06 to read: 07 RETIREMENT BENEFITS UNDER ELECTED PUBLIC OFFICERS 08 RETIREMENT SYSTEM FOR CERTAIN BENEFIT RECIPIENTS. (a) For a member of 09 the elected public officers retirement system who has been receiving benefits under former 10 AS 39.37.050(a)(1) for at least 10 years, if the monthly salary and, if appropriate, the 11 additional allowances established under AS 24.10.110, authorized for the office from which 12 the member retired has not increased in at least 10 years, the monthly benefit payable to the 13 member or the member's survivor under former AS 39.37 (elected public officers retirement 14 system) shall be increased as set out in this section. The amount of the increase is an amount
01 equal to the monthly benefit to which the member or survivor is entitled multiplied by 75 02 percent of the percentage increase in the cost of living since the benefit was last adjusted 03 under this section or former AS 39.37.050(a)(1) or since the member retired under former 04 AS 39.37, whichever is later. 05 (b) Notwithstanding former AS 39.37.050(a)(1), if a benefit is increased under (a) of 06 this section and if the monthly salary and, if appropriate, the additional allowances established 07 under AS 24.10.110, authorized for the office from which a member retired is subsequently 08 increased, the member's or survivor's benefit under former AS 39.37 may not be increased 09 until the increase in benefits based on former AS 39.37.050(a)(1) equals or exceeds the 10 increase based on (a) of this section. If benefits based on former AS 39.37.050(a)(1) increase 11 to more than the increased benefit computed under (a) of this section, the member or survivor 12 is entitled to receive an additional increase based on the difference between the two amounts. 13 (c) The administrator of the public employees' retirement system shall implement this 14 section. 15 (d) When computing a survivor's benefit under former AS 39.37.060, adjustments 16 granted to the deceased member or survivor under this section shall be included. 17 (e) An increase in benefit payments under this section is effective July 1 of each 18 calendar year and is based on the percentage increase in the consumer price index for urban 19 wage earners and clerical workers for Anchorage, Alaska, during the previous calendar year, 20 as determined by the United States Department of Labor, Bureau of Labor Statistics. 21 (f) In this section, "system" means the elected public officers retirement system under 22 former AS 39.37. 23 * Sec. 2. The uncodified law of the State of Alaska is amended by adding a new section to 24 read: 25 COMPENSATION COMMISSION FOR STATE OFFICIALS. (a) The 26 Compensation Commission for State Officials is established to make recommendations 27 concerning an equitable rate and form of compensation, benefits, and allowances for the 28 governor, lieutenant governor, members of the legislature, and the heads of the principal 29 departments of state government. 30 (b) The commission is composed of seven members. Three of the members shall be 31 appointed by the governor. Two members shall be appointed by the president of the senate.
01 Two members shall be appointed by the speaker of the house of representatives. Commission 02 membership shall include at least one business executive, one representative of a nonpartisan 03 voters' organization, one person with experience in public administration, and one 04 representative of a labor organization. 05 (c) A member of the commission may not be employed by the state, including the 06 University of Alaska, serve as a member of another state board, commission, or authority, or 07 hold elective state or municipal office during membership on the commission. 08 (d) Members of the commission serve without compensation but are entitled to per 09 diem and travel expenses authorized for members of boards and commissions under 10 AS 39.20.180. 11 (e) The commission shall review the salaries, benefits, and allowances, including per 12 diem and travel allowances, of the governor, lieutenant governor, members of the legislature, 13 and the heads of the principal departments and prepare a report to the legislature making 14 recommendations concerning any changes necessary or desirable to achieve an equitable rate 15 and form of compensation, benefits, and allowances for state officials. The report shall be 16 presented to the legislature by January 15, 2002.