03/25/1997 09:03 AM Senate FIN

       SB 126  STATE EMPLOYEES RIP AMENDMENTS                                  
                                                                               
       TOM WILLIAMS explained  changes in  a proposed CS  work                 
       draft.    SENATOR PHILLIPS  MOVED  for adoption  of the                 
       proposed  CS.   Without  objection,  CSSB 126(FIN)  was                 
       ADOPTED.    SENATOR PHILLIPS  MOVED CSSB  126(FIN) from                 
       committee   with    individual   recommendations    and                 
       accompanying fiscal notes.  There  was no objection and                 
       CSSB 126(FIN)  was REPORTED  OUT of  committee with  an                 
       indeterminate fiscal note from Office of Management and                 
       Budget  and  a  zero  fiscal  note from  Department  of                 
       Administration.                                                         
  COCHAIR SHARP called attention to the proposed CS work draft                 
  before the committee and invited Mr. Williams to address it.                 
                                                                               
  TOM  WILLIAMS, Staff, Senate Finance Cochair Sharp, referred                 
  to the work  draft which incorporated amendments  to Section                 
  3,  page 2,  and Section 4,  line 20, in  Section 22 (f)(1),                 
  which had previously been  Section 22 (f).  The  Division of                 
  Retirement and Benefits recommended the reference be changed                 
  and Legal Services concurred.                                                
                                                                               
  SENATOR PHILLIPS inquired if the suggestion made by APEA and                 
  AFT to go  from three  years to five  years was  considered.                 
  MR. WILLIAMS responded that those  provisions change the way                 
  one would calculate who would be included  in the pool.  The                 
  intent  of SB  126 was  to encourage  the administration  to                 
  utilize the existing pool,  not to change the nature  of it.                 
  SENATOR PHILLIPS acknowledged it was a policy decision.                      
                                                                               
  COCHAIR  SHARP  called for  a  motion  on the  CS.   SENATOR                 
  PHILLIPS MOVED  for adoption  of the  proposed CS.   COCHAIR                 
  SHARP referenced the technical amendment on page 2, line 20.                 
  He  asked  if  there were  further  questions  or testimony.                 
  There  being   none,  CSSB  126(FIN)   was  ADOPTED  without                 
  objection.                                                                   
                                                                               
  SENATOR  PHILLIPS  MOVED CSSB  126(FIN) from  committee with                 
  individual  recommendations  and accompanying  fiscal notes.                 
  There was no objection and CSSB 126(FIN) was REPORTED OUT of                 
  committee with an  indeterminate fiscal note from  Office of                 
  Management and Budget and a zero fiscal note from Department                 
  of Administration.