2005-04-08                     Senate Journal                      Page 0846
SB 141                                                                                            
The Finance Committee considered SENATE BILL NO. 141 "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; 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; and providing for an effective date" and recommended it be                                
replaced with                                                                                       
                                                                                                    
  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."                                                                           

2005-04-08                     Senate Journal                      Page 0847
Signing do pass: Senators Green, Wilken, Cochairs; Senators Bunde                                   
Dyson, Stedman. Signing do not pass: Senator Hoffman. Signing                                       
amend: Senator Olson.                                                                               
                                                                                                    
The following fiscal information was published today:                                               
 Fiscal Note No. 1, Department of Administration                                                    
 Fiscal Note No. 2, Department of Administration                                                    
 Fiscal Note No. 3, Department of Revenue                                                           
 Fiscal Note No. 4, Department of Revenue                                                           
 Fiscal Note No. 5, Department of Revenue                                                           
 Fiscal Note No. 6, Department of Revenue                                                           
 Fiscal Note No. 7, Department of Revenue                                                           
                                                                                                    
The bill is on today's calendar.