Legislature(2005 - 2006)
2005-05-02 House Journal
Full Journal pdf2005-05-02 House Journal Page 1434 SB 141 The Finance Committee has again considered (page 1420): 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 2005-05-02 House Journal Page 1435 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." 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 (3): Foster, Kelly, Chenault No recommendation (4): Holm, Stoltze, Moses, Meyer Amend (1): Hawker 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 11. Fiscal, Dept. of Administration Representative Berkowitz moved and asked unanimous consent that the House Finance Committee analysis, which applies to HCS CSSB 141(FIN), be replaced with an analysis by the Actuarial Service Company. There was objection. The question being: "Shall the House Finance Committee analysis, which applies to HCS CSSB 141(FIN), be replaced with an analysis by the Actuarial Service Company?" The roll was taken with the following result: 2005-05-02 House Journal Page 1436 Replace Finance Committee Fiscal Analysis with Actuarial Service Company Analysis for HCS CSSB 141(FIN) YEAS: 15 NAYS: 25 EXCUSED: 0 ABSENT: 0 Yeas: Berkowitz, Cissna, Crawford, Dahlstrom, Gara, Gruenberg, Guttenberg, Hawker, Joule, Kapsner, Kerttula, Kott, LeDoux, Moses, Salmon Nays: Anderson, Chenault, Coghill, Croft, Elkins, Foster, Gardner, Gatto, Harris, Holm, Kelly, Kohring, Lynn, McGuire, Meyer, Neuman, Olson, Ramras, Rokeberg, Samuels, Seaton, Stoltze, Thomas, Weyhrauch, Wilson And so, the motion failed. CSSB 141(FIN) was referred to the Rules Committee for placement on the calendar.