2015-03-06                     House Journal                      Page 0378
HB 47                                                                                                                         
The Community & Regional Affairs Committee considered:                                                                          
                                                                                                                                
    HOUSE BILL NO. 47                                                                                                           
    "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 retirement plan of the Public                                                           

2015-03-06                     House Journal                      Page 0379
    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                                                                  
    retirement 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."                                                                              
                                                                                                                                
and recommends it be replaced with:                                                                                             
                                                                                                                                
    CS FOR HOUSE BILL NO. 47(CRA)                                                                                               
    "An Act requiring certain municipalities with a population that                                                             
    decreased by more than 25 percent between 2000 and 2010 that                                                                
    participate in the defined benefit retirement 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 certain                                                            
    municipalities that are delinquent in transmitting employee and                                                             
    employer contributions to the defined benefit retirement 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."                                                                                           
                                                                                                                                
The report was signed by Representative Tilton, Chair, with the                                                                 
following individual recommendations:                                                                                           
                                                                                                                                
Do pass (2):  Nageak, Seaton                                                                                                    
                                                                                                                                
No recommendation (4):  Drummond, Reinbold, Hughes, Tilton                                                                      
                                                                                                                                
The following fiscal note(s) apply to CSHB 47(CRA):                                                                             
                                                                                                                                
1.  Zero, Dept. of Commerce, Community, & Economic Development                                                                  
                                                                                                                                

2015-03-06                     House Journal                      Page 0380
HB 47 was referred to the Labor & Commerce Committee.