2005-04-12                     Senate Journal                      Page 0925
SB 141                                                                                            
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" was engrossed.