2007-05-03                     Senate Journal                      Page 1042
SB 125                                                                                                                        
The Finance Committee considered SENATE BILL NO. 125 "An Act                                                                    
relating to the accounting and payment of contributions under the                                                               
defined benefit plan of the Public Employees' Retirement System of                                                              
Alaska, to calculations of contributions under that defined benefit                                                             
plan, and to participation in, and termination of and amendments to                                                             
participation in, that defined benefit plan; making conforming                                                                  
amendments; and providing for an effective date" and recommended it                                                             
be replaced with                                                                                                                
                                                                                                                                
          CS FOR SENATE BILL NO. 125(FIN) "An Act                                                                               
          relating to the accounting and payment of                                                                             
          contributions under the retirement plans of the Public                                                                
          Employees' Retirement System of Alaska and the                                                                        
          Teachers' Retirement System, to calculations of                                                                       
          contributions under those retirement plans, and to                                                                    
          participation in, and termination of and amendments                                                                   
          to participation in, the defined benefit plans of those                                                               
          systems; relating to employer contributions to the                                                                    
          health reimbursement arrangement plan; making                                                                         
          conforming amendments; and providing for an                                                                           
          effective date."                                                                                                      
                                                                                                                                
In accordance with AS 24.08.036 a PERS Analysis was attached to the                                                             
Finance Committee report.                                                                                                       
                                                                                                                                
Signing do pass: Senators Hoffman, Stedman, Cochairs; Senators                                                                  
Elton, Thomas, Olson. Signing no recommendation: Senator Dyson.                                                                 
                                                                                                                                
The following fiscal information was published today:                                                                           
 Fiscal Note No. 2, Department of Administration                                                                                
                                                                                                                                
The bill was referred to the Rules Committee.