03/28/2008 01:30 PM Senate JUDICIARY

         SB 183-REPEAL DEFINED CONTRIB RETIREMENT PLANS                                                                     
                                                                                                                              
1:36:17 PM                                                                                                                    
CHAIR FRENCH announced the consideration  of SB 183 and asked for                                                               
a motion to adopt Version \L committee substitute.                                                                              
                                                                                                                                
SENATOR  WIELECHOWSKI moved  to  adopt  the committee  substitute                                                               
(CS) to SB 183, 25-LS0566\L, Wayne, as the working document.                                                                    
                                                                                                                                
CHAIR  FRENCH announced  that without  objection,  Version \L  is                                                               
before the committee. He said  that considerable public testimony                                                               
has been taken  on this controversial bill. It  reverts the state                                                               
retirement  system back  to  the defined  benefit  plan that  the                                                               
state embraced for nearly 50 years.  Under SB 141 the state moved                                                               
away from that policy in 2005.                                                                                                  
                                                                                                                                
SENATOR  MCGUIRE motioned  to  report  the CS  for  SB 183,  from                                                               
committee  with individual  recommendations  and attached  fiscal                                                               
note(s).                                                                                                                        
                                                                                                                                
CHAIR  FRENCH announced  that without  objection, CSSB  183(JUD),                                                               
25-LS0566\L, is moved from the Senate Judiciary Committee.                                                                      
                                                                                                                                
The committee took an at-ease from 1:40:18 PM to 1:40:29 PM.