SB 100-PERS TERMINATION COSTS                                                                              
                                                                                                                                
2:06:12 PM                                                                                                                    
CHAIR EGAN announced SB 100 to be up for consideration.                                                                         
                                                                                                                                
SENATOR PASKVAN, sponsor  of SB 100, said since  the last hearing                                                               
this  bill  has  received  the following  additional  letters  of                                                               
support from  around the state: the  City of Palmer, the  City of                                                               
Fairbanks, the  City of St. Paul,  the City of Ketchikan  and the                                                               
City of Wasilla.  They have received resolutions  from the Alaska                                                               
Municipal League  (AML), the  City of  Nome, the  Fairbanks North                                                               
Star Borough,  and heard support  directly from  the Municipality                                                               
of  Anchorage,  Bristol Bay  and  many  other places  around  the                                                               
state. They  received a  fiscal note  that the  Finance Committee                                                               
would  thoroughly  vet.  Mike   Lamb,  Chief  Financial  Officer,                                                               
Fairbanks  North Star  Borough,  and an  AML representative  were                                                               
available to answer questions.                                                                                                  
                                                                                                                                
CHAIR EGAN objected to take questions.                                                                                          
                                                                                                                                
2:07:55 PM                                                                                                                    
SENATOR  MENARD stated  that this  bill  has nothing  to do  with                                                               
defined benefits (DB) or defined contributions (DC).                                                                            
                                                                                                                                
CHAIR EGAN withdrew his objection.                                                                                              
                                                                                                                                
SENATOR  PASKVAN  moved to  report  SB  100 from  committee  with                                                               
individual recommendations  and attached fiscal note.  There were                                                               
no objections and it was so ordered.                                                                                            
                                                                                                                                
2:09:03 PM                                                                                                                    
At ease from 2:09:03 PM to 2:10:32 PM.