2013-04-08                     Senate Journal                      Page 1035
SB 48                                                                                                                         
The State Affairs Committee considered SENATE BILL NO. 48 "An                                                                   
Act requiring each municipality with a population that decreased by                                                             
more than 25 percent between 2000 and 2010 that participates in the                                                             
defined benefit plan of the Public Employees' Retirement System of                                                              
Alaska to contribute to the system an amount calculated by applying a                                                           
rate of 22 percent of the total of all base salaries paid by the                                                                
municipality to employees of the municipality who are active                                                                    
members of the system during a payroll period; reducing the rate of                                                             
interest payable by a municipality with a population that decreased by                                                          
more than 25 percent between 2000 and 2010 that is delinquent in                                                                
transmitting employee and employer contributions to the defined                                                                 
benefit plan of the Public Employees' Retirement System of Alaska;                                                              
giving retrospective effect to the substantive provisions of the Act; and                                                       
providing for an effective date" and recommended it be replaced with                                                            
                                                                                                                                
          CS FOR SENATE BILL NO. 48(STA)                                                                                        
                                                                                                                                
Signing do pass: Senator Dyson, Chair; Senator Coghill. Signing no                                                              
recommendation: Senator Wielechowski.                                                                                           
                                                                                                                                
The following fiscal information was published today:                                                                           
     Fiscal Note No. 1, Department of Administration                                                                            
                                                                                                                                
The bill was referred to the Finance Committee.