Legislature(1993 - 1994)

01/28/1993 08:00 AM STA

Audio Topic
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
txt
  HB 42: RETIREMENT INCENTIVE PROGRAM                                          
                                                                               
  Number 515                                                                   
                                                                               
  CHAIRMAN VEZEY discussed the evaluation.  He then opened                     
  discussion on HB 42 which also related to retirement                         
  incentive programs.                                                          
                                                                               
  BARRY HAIGHT testified on behalf of Public Safety employees                  
  in support of HB 42.                                                         
                                                                               
  Number 565                                                                   
                                                                               
  REPRESENTATIVE JERRY SANDERS discussed the penalty for those                 
  who retire and then return to work.                                          
                                                                               
  Number 581                                                                   
                                                                               
  BOB STALNAKER, DIRECTOR, DIVISION OF RETIREMENT AND                          
  BENEFITS, DEPARTMENT OF ADMINISTRATION, discussed questions                  
  regarding how the program was administered.                                  
                                                                               
  Number 590                                                                   
                                                                               
  REPRESENTATIVE VEZEY asked questions regarding the costs of                  
  administering the program.                                                   
                                                                               
  Number 593                                                                   
                                                                               
  MR. STALNAKER described the administration costs to the                      
  retiring person.                                                             
                                                                               
  Number 602                                                                   
                                                                               
  CHAIRMAN VEZEY discussed the liabilities of the pension fund                 
  being paid out of the general fund.                                          
                                                                               
  Number 619                                                                   
                                                                               
  MR. STALNAKER discussed how the system received monies from                  
  the participating employee.                                                  
                                                                               
  Number 628                                                                   
                                                                               
  CHAIRMAN VEZEY stated the fiscal note did not address the                    
  obligation to the pension fund.                                              
                                                                               
  Number 640                                                                   
                                                                               
  REPRESENTATIVE SANDERS discussed exceptions to legislative                   
  and university employees.                                                    
                                                                               
  Number 642                                                                   
                                                                               
  MR. STALNAKER explained that the difficulty in getting                       
  certain employees in certain positions could be the reason                   
  for the exemption.                                                           
                                                                               
  Number 664                                                                   
                                                                               
  REPRESENTATIVE SANDERS asked if there were certain people we                 
  did not want to attract back.                                                
                                                                               
  Number 668                                                                   
                                                                               
  MR. STALNAKER stated he could not answer Representative                      
  Sanders' query because he was not the author of HB 42.                       
                                                                               
  Number 677                                                                   
                                                                               
  REPRESENTATIVE FRAN ULMER discussed the Budget and Audit                     
  savings statement in the committee packet.                                   
                                                                               
  Number 685                                                                   
                                                                               
  MR. STALNAKER stated employers were allowed to make a                        
  determination on participation.  They reported the                           
  anticipated savings before they decided to participate, he                   
  said.                                                                        
                                                                               
  Number 698                                                                   
                                                                               
  CHAIRMAN VEZEY clarified it was not the responsibility of                    
  the department to review the report.  "You just trust if                     
  they say they will save money that it is enough to                           
  participate in the retirement program," he said.                             
                                                                               
  TAPE 93-7, SIDE B                                                            
  Number 000                                                                   
                                                                               
  MR. STALNAKER stated the calculations done by employers were                 
  not audited.                                                                 
                                                                               
  HB 42 and HB 36: RETIREMENT INCENTIVE PROGRAM                                
                                                                               
  Number 596                                                                   
                                                                               
  WILLIE ANDERSON, a lobbyist for the National Education                       
  Association, spoke in support of HB 36 and HB 42.                            
                                                                               
  Number 626                                                                   
                                                                               
  CHAIRMAN VEZEY invited Representative Bill Hudson to speak                   
  on behalf of HB 42.                                                          
                                                                               
  Number 630                                                                   
                                                                               
  REPRESENTATIVE BILL HUDSON, PRIME SPONSOR of HB 42, stated                   
  the purpose of HB 42 was to save public dollars.  The                        
  retirement incentive program was a tool to save the state                    
  money, he added.                                                             
                                                                               
  TAPE 93-8, SIDE A                                                            
  Number 000                                                                   
                                                                               
  CHAIRMAN VEZEY invited Senator Jim Duncan to speak on behalf                 
  of the retirement incentive program.                                         
                                                                               
  Number 110                                                                   
                                                                               
  SENATOR JIM DUNCAN related the history of the retirement                     
  program.  He explained the cost savings to the state.                        
                                                                               
  ANNOUNCEMENTS                                                                
                                                                               
  Number 296                                                                   
                                                                               
  CHAIRMAN VEZEY announced HB 36 and HB 42 would be held in                    
  committee for further consideration.                                         
                                                                               
  ADJOURNMENT                                                                  
                                                                               
  CHAIRMAN VEZEY then adjourned the meeting at 10:03 a.m.                      

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