2017-05-16                     Senate Journal                      Page 1316
HB 47                                                                                                                         
HOUSE BILL NO. 47 BY REPRESENTATIVES FOSTER, Kito,                                                                              
entitled:                                                                                                                       
                                                                                                                                
          "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."                                                                                               
                                                                                                                                
was read the first time and referred to the State Affairs and Finance                                                           
Committees.