2005-05-03                     House Journal                      Page 1460
SB 141                                                                                            
The Finance Committee has submitted the following forthcoming                                       
committee substitute to accompany their report (page 1434):                                         
                                                                                                    
     HOUSE CS FOR CS FOR SENATE BILL NO. 141(FIN)                                                   
     "An Act relating to the teachers' and public employees' retirement                             
     systems and creating defined contribution and health                                           
     reimbursement plans for members of the teachers' retirement                                    
     system and the public employees' retirement system who are first                               

2005-05-03                     House Journal                      Page 1461
     hired after July 1, 2005; relating to university retirement                                    
     programs; establishing the Alaska Retirement Management Board                                  
     to replace the Alaska State Pension Investment Board, the Alaska                               
     Teachers' Retirement Board, and the Public Employees'                                          
     Retirement Board; allowing members in the defined contribution                                 
     plan of the public employees' retirement system who are not                                    
     employees of participating employers to make wage reductions to                                
     purchase supplemental death or disability benefits in the Alaska                               
     Supplemental Annuity Plan; adding appeals of the decisions of the                              
     administrator of the teachers' and public employees' retirement                                
     systems to the jurisdiction of the office of administrative hearings;                          
     providing for nonvested members of the teachers' retirement                                    
     system defined benefit plans to transfer into the teachers'                                    
     retirement system defined contribution plan and for nonvested                                  
     members of the public employees' retirement system defined                                     
     benefit plans to transfer into the public employees' retirement                                
     system defined contribution plan; providing for political                                      
     subdivisions and public organizations to request to participate in                             
     the public employees' defined contribution retirement plan; and                                
     providing for an effective date."                                                              
                                                                                                    
     (pending title change resolution)                                                              
                                                                                                    
SB 141 is on today's calendar.