2005-04-22                     House Journal                      Page 1218
SB 141                                                                                            
The State Affairs Committee has considered:                                                         
                                                                                                    
    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                                
    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; 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."                                                               
                                                                                                    
and recommends it be replaced with:                                                                 
                                                                                                    
    HOUSE CS FOR CS FOR SENATE BILL NO. 141(STA)                                                    
    (same title)                                                                                    
                                                                                                    
The report was signed by Representative Seaton, Chair, with the                                     
following individual recommendations:                                                               
                                                                                                    
Do pass (1):  Seaton                                                                                
                                                                                                    
No recommendation (5):  Lynn, Gatto, Gruenberg, Elkins, Ramras                                      
                                                                                                    
                                                                                                    
The following fiscal note(s) apply to HCS CSSB 141(STA):                                            
                                                                                                    

2005-04-22                     House Journal                      Page 1219
1.  Fiscal, Dept. of Administration                                                                 
2.  Fiscal, Dept. of Administration                                                                 
3.  Fiscal, Dept. of Revenue                                                                        
4.  Fiscal, Dept. of Revenue                                                                        
5.  Fiscal, Dept. of Revenue                                                                        
6.  Fiscal, Dept. of Revenue                                                                        
7.  Fiscal, Dept. of Revenue                                                                        
8.  Fiscal, Senate Finance Committee/Dept. of Administration                                        
                                                                                                    
CSSB 141(FIN) was referred to the Finance Committee.