2018-04-20                     Senate Journal                      Page 2800
HB 47                                                                                                                         
The State Affairs Committee considered 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." Signing no recommendation: Senator                                                            
Meyer, Chair; Senators Wilson, Giessel, Egan. Signing do pass:                                                                  
Senator Coghill.                                                                                                                
                                                                                                                                
The following fiscal information was published today:                                                                           
     Fiscal Note No. 4, Department of Administration                                                                            
                                                                                                                                
The bill was referred to the Finance Committee.