2005-05-21                     House Journal                      Page 2076
SB 141                                                                                            
The 2d Free Conference Committee considering HCS CSSB 141(FIN)                                      
am H and CSSB 141(FIN) recommends the following be adopted:                                         
                                                                                                    
    FREE CONFERENCE CS FOR SENATE BILL NO. 141(2d                                                   
    FCC)                                                                                            
    "An Act relating to the teachers' and public employees' retirement                              
    systems and creating defined contribution and health                                            
    reimbursement plans for members of the teachers' retirement                                     
    system and the public employees' retirement system who are first                                
    hired after July 1, 2006; relating to university retirement                                     
    programs; establishing the Alaska Retirement Management Board                                   
    to replace the Alaska State Pension Investment Board, the Alaska                                
    Teachers' Retirement Board, and the Public Employees'                                           
    Retirement Board; adding appeals of the decisions of the                                        
    administrator of the teachers' and public employees' retirement                                 

2005-05-21                     House Journal                      Page 2077
    systems to the jurisdiction of the office of administrative hearings;                           
    providing for nonvested members of the teachers' retirement                                     
    system defined benefit plans to transfer into the teachers'                                     
    retirement system defined contribution plan and for nonvested                                   
    members of the public employees' retirement system defined                                      
    benefit plans to transfer into the public employees' retirement                                 
    system defined contribution plan; providing for political                                       
    subdivisions and public organizations to request to participate in                              
    the public employees' defined contribution retirement plan; and                                 
    providing for an effective date."                                                               
                                                                                                    
    (technical title change)                                                                        
                                                                                                    
The report was signed by Representatives Ramras (Chair), Elkins,                                    
Berkowitz; and Senators Gary Stevens (Chair), Ben Stevens, Guess.                                   
                                                                                                    
The following fiscal note(s) apply to FCCS SB 141(2d FCC):                                          
                                                                                                    
1.   Fiscal, Dept. of Administration                                                                
3.   Fiscal, Dept. of Revenue                                                                       
4.   Fiscal, Dept. of Revenue                                                                       
5.   Fiscal, Dept. of Revenue                                                                       
6.   Fiscal, Dept. of Revenue                                                                       
7.   Fiscal, Dept. of Revenue                                                                       
9.   Zero, House Finance Committee/Dept. of Administration                                          
11. Fiscal, Dept. of Administration                                                                 
                                                                                                    
The report was received May 20, 2005, at 5:40 p.m. and is under                                     
Unfinished Business.