04/13/2012 09:00 AM Senate FINANCE

CS FOR SENATE BILL NO. 121(STA)                                                                                               
                                                                                                                                
     "An Act relating  to  new defined benefit  tiers in the                                                                    
     public employees'  retirement system and  the teachers'                                                                    
     retirement  system;  providing   certain  employees  an                                                                    
     opportunity to  choose between the defined  benefit and                                                                    
     defined  contribution plans  of  the public  employees'                                                                    
     retirement system and  the teachers' retirement system;                                                                    
     and providing for an effective date."                                                                                      
                                                                                                                                
Co-Chair  Hoffman  MOVED  to   report  SB  121(STA)  out  of                                                                    
committee   with   individual    recommendations   and   the                                                                    
accompanying fiscal notes.                                                                                                      
                                                                                                                                
Co-Chair Stedman read the fiscal notes in the packet.                                                                           
                                                                                                                                
There being NO OBJECTION, CSSB  121(STA) was REPORTED out of                                                                    
committee  with  a  "do  pass"  recommendation  and  with  a                                                                    
previously  published fiscal  impact note:  FN2(DOR), a  new                                                                    
fiscal impact  note from  the Department  of Administration,                                                                    
and a new  indeterminate fiscal note from  the Department of                                                                    
Administration.                                                                                                                 
                                                                                                                                
10:13:23 AM                                                                                                                   
AT EASE                                                                                                                         
                                                                                                                                
10:13:56 AM                                                                                                                   
RECONVENED