05/06/2003 09:01 AM Senate FIN

                                                                                                                                
     SENATE BILL NO. 177                                                                                                        
     "An  Act  relating  to  cost-of-living   benefits  for  retired                                                            
     members  in the  public employees'  retirement  system and  the                                                            
     teachers'  retirement system who are called to  active military                                                            
     duty; and providing for an effective date."                                                                                
                                                                                                                                
                                                                                                                                
This was  the second  hearing for  this bill in  the Senate  Finance                                                            
Committee.                                                                                                                      
                                                                                                                                
Co-Chair  Wilken  reminded  the  Committee  of  discussions  on  the                                                            
feasibility  of incorporating  the  provisions  of SB  26 with  this                                                            
bill.  He informed  that  "fiscal complications"  are  involved  and                                                            
therefore each bill would be considered independently.                                                                          
                                                                                                                                
Co-Chair  Green offered  a motion  to report SB  177 from  Committee                                                            
with individual recommendations and accompanying fiscal note.                                                                   
                                                                                                                                
There was no objection  and SB 177 MOVED from Committee  with fiscal                                                            
note #1 from the Department of Administration.