2005-05-02                     House Journal                      Page 1420
SB 141                                                                                            
The Finance Committee has considered:                                                               
                                                                                                    
     CS FOR SENATE BILL NO. 141(FIN)                                                                
     "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, 2005; 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                                
     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."                                                              
                                                                                                    

2005-05-02                     House Journal                      Page 1421
and recommends it be replaced with a forthcoming House Finance                                      
Committee substitute.                                                                               
                                                                                                    
                                                                                                    
The report was signed by Representatives Meyer and Chenault, Co-                                    
chairs, with the following individual recommendations:                                              
                                                                                                    
Do pass (2):  Kelly, Foster                                                                         
                                                                                                    
No recommendation (5):  Joule, Stoltze, Moses, Meyer, Chenault                                      
                                                                                                    
Amend (2):  Hawker, Weyhrauch                                                                       
                                                                                                    
The following fiscal note(s) apply to HCS CSSB 141(FIN):                                            
                                                                                                    
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                                          
10. Fiscal, Dept. of Administration                                                                 
                                                                                                    
                                                                                                    
Representative Berkowitz objected to CSSB 141(FIN) being sent to                                    
the Rules Committee without an analysis attached to the House                                       
Finance Committee report and cited AS 24.08.036.