Legislature(2015 - 2016)
2015-04-07 House Journal
Full Journal pdf2015-04-07 House Journal Page 0745 HB 47 The Labor & Commerce Committee considered: HOUSE BILL NO. 47 "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 retirement 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 retirement 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 recommends it be replaced with: 2015-04-07 House Journal Page 0746 CS FOR HOUSE BILL NO. 47(CRA) "An Act requiring certain municipalities with a population that decreased by more than 25 percent between 2000 and 2010 that participate in the defined benefit retirement 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 certain municipalities that are delinquent in transmitting employee and employer contributions to the defined benefit retirement 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." The report was signed by Representative Olson, Chair, with the following individual recommendations: Do pass (3): Colver, LeDoux, Olson No recommendation (3): Josephson, Hughes, Tilton The following fiscal note(s) apply to CSHB 47(CRA): 1. Zero, Dept. of Commerce, Community, & Economic Development 2. Indeterminate, Dept. of Administration HB 47 was referred to the Rules Committee for placement on the calendar.