2016-04-07                     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.