Legislature(2005 - 2006)
2005-05-02 House Journal
Full Journal pdf2005-05-02 House Journal Page 1420 SB 141 The Finance 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." 2005-05-02 House Journal Page 1421 and recommends it be replaced with a forthcoming House Finance Committee substitute. The report was signed by Representatives Meyer and Chenault, Co- chairs, with the following individual recommendations: Do pass (2): Kelly, Foster No recommendation (5): Joule, Stoltze, Moses, Meyer, Chenault Amend (2): Hawker, Weyhrauch The following fiscal note(s) apply to HCS CSSB 141(FIN): 1. 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 9. Zero, House Finance Committee/Dept. of Administration 10. Fiscal, Dept. of Administration Representative Berkowitz objected to CSSB 141(FIN) being sent to the Rules Committee without an analysis attached to the House Finance Committee report and cited AS 24.08.036.