2015-04-07                     House Journal                      Page 0758
HB 47                                                                                                                         
The Speaker added a Finance Committee referral for the following:                                                               
                                                                                                                                
    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                                                        

2015-04-07                     House Journal                      Page 0759
    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."                                                                              
                                                                                                                                
HB 47 was removed from the Rules Committee and referred to the                                                                  
Finance Committee.