Legislature(2015 - 2016)
2016-04-07 House Journal
Full Journal pdf2016-04-07 House Journal Page 2101 HB 47 The Finance 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: CS FOR HOUSE BILL NO. 47(FIN) "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; authorizing the administrator of the defined benefit retirement plan of the Public Employees' Retirement System of Alaska to reduce the rate of interest payable by certain municipalities that are delinquent in transmitting employee and employer contributions to the retirement plan; and providing for an effective date." The report was signed by Representatives Neuman and Thompson, Co-chairs, with the following individual recommendations: Do pass (6): Saddler, Gara, Guttenberg, Edgmon, Neuman, Thompson 2016-04-07 House Journal Page 2102 No recommendation (4): Munoz, Pruitt, Wilson, Gattis Amend (1): Kawasaki The following fiscal note(s) apply to CSHB 47(FIN): 3. Fiscal, Dept. of Administration HB 47 was referred to the Rules Committee for placement on the calendar.