2018-05-11                     Senate Journal                      Page 3061
                        Consideration of the Calendar                                                                        
                                                                                                                                
                        Second Reading of House Bills                                                                        
                                                                                                                                
HB 47                                                                                                                         
HOUSE BILL NO. 47 "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 second time.                                                            
                                                                                                                                
Senator Micciche moved and asked unanimous consent the bill be                                                                  
advanced to third reading and placed on final passage. Without                                                                  
objection, it was so ordered.                                                                                                   
                                                                                                                                
HOUSE BILL NO. 47 was read the third time.                                                                                      
                                                                                                                                
The question being: "Shall HOUSE BILL NO. 47 "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" pass the Senate?" The roll was taken                                                           
with the following result: