Legislature(2005 - 2006)
2005-05-21 Senate Journal
Full Journal pdf2005-05-21 Senate Journal Page 1714 SB 141 The following report was received and distributed at 5:35 p.m., May 20, 2005: May 20, 2005 Mr. President: Mr. Speaker: The 2d Free Conference Committee 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 2005-05-21 Senate Journal Page 1715 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 HOUSE CS FOR CS FOR SENATE BILL NO. 141(FIN) am H and recommends FREE CONFERENCE CS FOR SENATE BILL NO. 141(2d FCC) "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, 2006; 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." (technical title change) be adopted. 2005-05-21 Senate Journal Page 1716 Signing the report: Senator Gary Stevens, Chair, Senators Ben Stevens, Guess; Representative Ramras, Chair, Representatives Elkins, Berkowitz The following previously published fiscal information applies: Fiscal Note No. 1, 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 Fiscal Note No. 9, zero, House Finance Committee Fiscal Note No. 11, Department of Administration Senator Gary Stevens moved that the Senate adopt the Conference Committee Report on FREE CONFERENCE CS FOR SENATE BILL NO. 141(2d FCC). The question being: "Shall the Senate adopt the Conference Committee Report on FREE CONFERENCE CS FOR SENATE BILL NO. 141(2d FCC) "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, 2006; 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"?" The roll was taken with the following result: 2005-05-21 Senate Journal Page 1717 FCCS SB 141(2d FCC) Shall the Senate Adopt the Conference Committee Report? YEAS: 11 NAYS: 3 EXCUSED: 5 ABSENT: 1 Yeas: Cowdery, Dyson, Green, Huggins, Seekins, Stedman, Stevens B, Stevens G, Therriault, Wagoner, Wilken Nays: Ellis, Elton, French Excused: Bunde, Davis, Guess, Kookesh, Olson Absent: Hoffman and so, the report was adopted. Senator Gary Stevens moved for the adoption of the effective date clauses. The question being: "Shall the effective date clauses be adopted?" The roll was taken with the following result: FCCS SB 141(2d FCC) Effective Date Clauses YEAS: 14 NAYS: 0 EXCUSED: 5 ABSENT: 1 Yeas: Cowdery, Dyson, Ellis, Elton, French, Green, Huggins, Seekins, Stedman, Stevens B, Stevens G, Therriault, Wagoner, Wilken Excused: Bunde, Davis, Guess, Kookesh, Olson Absent: Hoffman and so, the effective date clauses were adopted. The Secretary was requested to notify the House.