SB 126 STATE EMPLOYEES RIP AMENDMENTS TOM WILLIAMS explained changes in a proposed CS work draft. SENATOR PHILLIPS MOVED for adoption of the proposed CS. Without objection, CSSB 126(FIN) was ADOPTED. SENATOR PHILLIPS MOVED CSSB 126(FIN) from committee with individual recommendations and accompanying fiscal notes. There was no objection and CSSB 126(FIN) was REPORTED OUT of committee with an indeterminate fiscal note from Office of Management and Budget and a zero fiscal note from Department of Administration. COCHAIR SHARP called attention to the proposed CS work draft before the committee and invited Mr. Williams to address it. TOM WILLIAMS, Staff, Senate Finance Cochair Sharp, referred to the work draft which incorporated amendments to Section 3, page 2, and Section 4, line 20, in Section 22 (f)(1), which had previously been Section 22 (f). The Division of Retirement and Benefits recommended the reference be changed and Legal Services concurred. SENATOR PHILLIPS inquired if the suggestion made by APEA and AFT to go from three years to five years was considered. MR. WILLIAMS responded that those provisions change the way one would calculate who would be included in the pool. The intent of SB 126 was to encourage the administration to utilize the existing pool, not to change the nature of it. SENATOR PHILLIPS acknowledged it was a policy decision. COCHAIR SHARP called for a motion on the CS. SENATOR PHILLIPS MOVED for adoption of the proposed CS. COCHAIR SHARP referenced the technical amendment on page 2, line 20. He asked if there were further questions or testimony. There being none, CSSB 126(FIN) was ADOPTED without objection. SENATOR PHILLIPS MOVED CSSB 126(FIN) from committee with individual recommendations and accompanying fiscal notes. There was no objection and CSSB 126(FIN) was REPORTED OUT of committee with an indeterminate fiscal note from Office of Management and Budget and a zero fiscal note from Department of Administration.