2013-03-18                     House Journal                      Page 0565
HB 174                                                                                                                        
HOUSE BILL NO. 174 by the House Community and Regional                                                                          
Affairs Committee, entitled:                                                                                                    
                                                                                                                                

2013-03-18                     House Journal                      Page 0566
    "An Act requiring each municipality with a population that                                                                  
    decreased by more than 25 percent between 2000 and 2010 that                                                                
    participates in the defined benefit plan of the Public Employees'                                                           
    Retirement System of Alaska to contribute to the system an                                                                  
    amount calculated by applying a rate of 22 percent of the total of                                                          
    all base salaries paid by the municipality to employees of the                                                              
    municipality who are active members of the system during a                                                                  
    payroll period; reducing the rate of interest payable by a                                                                  
    municipality with a population that decreased by more than 25                                                               
    percent between 2000 and 2010 that is delinquent in transmitting                                                            
    employee and employer contributions to the defined benefit plan                                                             
    of the Public Employees' Retirement System of Alaska; giving                                                                
    retrospective effect to the substantive provisions of the Act; and                                                          
    providing for an effective date."                                                                                           
                                                                                                                                
was read the first time and referred to the Community & Regional                                                                
Affairs and Labor & Commerce Committees.