2005-05-08                     Senate Journal                      Page 1462
SB 141                                                                                            
                                                                 May 7, 2005                        
                                                                                                    
Mr. President:                                                                                      
Mr. Speaker:                                                                                        
                                                                                                    
The Conference Committee considering CS FOR SENATE BILL NO.                                         
141(FIN) "An Act relating to the teachers' and public employees'                                    
retirement systems and creating defined contribution and health                                     

2005-05-08                     Senate Journal                      Page 1463
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"                                               
                                                                                                    
and                                                                                                 
                                                                                                    
     HOUSE CS FOR CS FOR SENATE BILL NO. 141(FIN) am                                                
     H "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"                                                               

2005-05-08                     Senate Journal                      Page 1464
requests limited powers of free conference on the following specific                                
points:                                                                                             
                                                                                                    
          AS 14.25.070(b), AS 39.35.270(b); AS 14.25.350(b),                                        
          AS 39.35.750(b); AS 39.30.370; AS 14.25.470(a),                                           
          AS 39.35.870(a);  AS 14.25.480(i)-(j), AS 39.35.880                                       
          (j)-(k); AS 14.25.870(d)-(f), AS 39.35.870(d)-(f); AS                                     
          39.30.370; AS 39.30.380; AS 37.10.210(b)-(c); AS                                          
          37.10.220(a)(9); AS 39.35.385(f); AS 14.40.661-                                           
          14.40.799; AS 14.25.220(42)(D), AS                                                        
          14.25.590(27)(C); AS 14.25.485, AS 39.35.885; AS                                          
          39.35.890; AS 39.35.892; AS 14.25.315, AS                                                 
          39.35.705; Sec. 132, Sec. 133, and Sec. 141 of HCS                                        
          CSSB141(FIN) am H                                                                         
                                                                                                    
The detailed report of specific points is on file in the Senate                                     
Secretary's Office.                                                                                 
                                                                                                    
Signing the report: Senator Green, Chair, Senators Seekins, Olson;                                  
Representatives Seaton, Weyhrauch, Crawford.                                                        
                                                                                                    
President Stevens granted the Senate members limited powers of free                                 
conference as requested.                                                                            
                                                                                                    
The Secretary was requested to notify the House.