03/04/2003 08:00 AM House STA

HB 140-BENEFITS FOR CERTAIN RIP PARTICIPANTS                                                                                  
                                                                                                                                
[Contains mention of HB 20]                                                                                                     
                                                                                                                                
Number 0030                                                                                                                     
                                                                                                                                
CHAIR WEYHRAUCH  announced that the  first order of  business was                                                               
HOUSE  BILL NO.  140, "An  Act relating  to benefits  for retired                                                               
teachers or  employees who  participated in  retirement incentive                                                               
programs and  are subsequently reemployed as  a commissioner; and                                                               
providing for an effective date."                                                                                               
                                                                                                                                
Number 0062                                                                                                                     
                                                                                                                                
GUY   BELL,  Director,   Division  of   Retirement  &   Benefits,                                                               
Department of  Administration, noted  that HB  140 is  similar to                                                               
HB 20,  which passed  out  of the  House  State Affairs  Standing                                                               
Committee  [as  CSHB  20(STA)  on  February  18,  2003],  but  is                                                               
narrower in focus.   It allows someone who has  participated in a                                                               
state-sponsored retirement  incentive program to return  to state                                                               
employment for  the specific purpose  of becoming  a commissioner                                                               
of  a  state agency.    Highlighting  the  zero fiscal  note,  he                                                               
explained that there is no  cost to the retirement system because                                                               
the full actuarial  cost of the retirement  incentive program was                                                               
paid at  the time  the person  retired, by  the employer  and the                                                               
employee.   He said  there is  no cost to  the state,  the Public                                                               
Employees' Retirement System (PERS),  or the Teachers' Retirement                                                               
System (TRS).                                                                                                                   
                                                                                                                                
CHAIR  WEYHRAUCH ascertained  that there  were no  questions from                                                               
the committee and nobody waiting to testify.                                                                                    
                                                                                                                                
Number 0188                                                                                                                     
                                                                                                                                
REPRESENTATIVE HOLM moved to report  HB 140 out of committee with                                                               
individual  recommendations and  the  accompanying fiscal  notes.                                                               
There  being no  objection, HB  140 was  reported from  the House                                                               
State Affairs Standing Committee.