Legislature(1993 - 1994)

01/30/1993 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                                           
  HB 36 RETIREMENT INCENTIVE PROGRAM                                           
                                                                               
  LOWELL PURCELL, DEPUTY MAYOR, CITY OF FAIRBANKS, testified                   
  via teleconference from Fairbanks, in support of HB 42 and                   
  HB 36.                                                                       
                                                                               
  Number 036                                                                   
                                                                               
  WENDY REDMAN, VICE PRESIDENT OF UNIVERSITY RELATIONS,                        
  UNIVERSITY OF ALASKA FAIRBANKS, testified via teleconference                 
  from Fairbanks, in support of HB 42 and HB 36.                               
                                                                               
  CHAIRMAN VEZEY stated Mat-Su had joined the teleconference.                  
                                                                               
  Number 156                                                                   
                                                                               
  RAYMOND HOLT, TEACHER, testified via teleconference from                     
  Ketchikan, in support of HB 42 and HB 36. He stated money                    
  would be saved by the state.                                                 
                                                                               
  Number 192                                                                   
                                                                               
  DOUGLAS VIG, CORRECTIONAL OFFICER, testified via                             
  teleconference from Ketchikan, in support of HB 42 and HB
  36.  He said it was a win/win situation.                                     
                                                                               
  Number 241                                                                   
                                                                               
  REPRESENTATIVE JERRY SANDERS, via teleconference in                          
  Anchorage, requested the Chairman to summarize the                           
  committee's discussion to this point.                                        
                                                                               
  CHAIRMAN VEZEY gave a summary of the meeting for all                         
  teleconference members who missed the first part of the                      
  meeting due to teleconference difficulties.                                  
                                                                               
  Number 284                                                                   
                                                                               
  BILL MUNROE, a classified employee from Mat-Su, testified on                 
  behalf of teachers via teleconference from Anchorage, in                     
  support of HB 42 and HB 36 because of the cost savings.                      
                                                                               
  Number 325                                                                   
                                                                               
  RICHARD BARLOW testified via teleconference from Anchorage,                  
  on behalf of Mat-Su school employees, both classified and                    
  certified.  He spoke in support of HB 42 and HB 36, and                      
  stated that early retirement would not cause a brain drain.                  
                                                                               
  Number 382                                                                   
                                                                               
  ROD POOLE, a school counselor in Sitka, testified via                        
  teleconference from Sitka in support of HB 42 and HB 36.  He                 
  stated early retirement would show financial savings for the                 
  state.                                                                       
                                                                               
  Number 420                                                                   
                                                                               
  REPRESENTATIVE JERRY MACKIE, PRIME SPONSOR of HB 36, stated                  
  the values of early retirement.  He read the sponsor summary                 
  which was included in members' packets.  He also explained                   
  the "window of application" dates.                                           
                                                                               
  REPRESENTATIVE MARTIN spoke in opposition to HB 42 and HB
  36.  As an experienced teacher he stated early retirement                    
  would cause a serious brain drain, and the state would not                   
  show a savings because the early retirement was misleading.                  
  He suggested the committee get a report by the Legislative                   
  Budget and Audit Committee regarding retirement programs.                    
  He also spoke about actuaries and stated the committee                       
  should find out how many retirement checks were sent out of                  
  state and how many people were working on contracts after                    
  retiring early.                                                              
                                                                               
  REPRESENTATIVE MACKIE rebutted statements made by                            
  Representative Martin.                                                       
                                                                               
  Number 575                                                                   
                                                                               
  REPRESENTATIVE BILL HUDSON, PRIME SPONSOR of HB 42,                          
  recommended the committee adopt HB 36. He also rebutted                      
  statements made by Representative Martin, and discussed how                  
  the retirement incentive was actuarially sound.  He asked                    
  the committee to pass HB 36 and stated services would                        
  continue yet the cost would decrease.                                        
                                                                               
  Number 639                                                                   
                                                                               
  DON FRANKLIN, TEACHER, testified via teleconference from                     
  Mat-Su.  He asked a question regarding the percent of                        
  indebtedness, stating the figure was higher than peace                       
  officers and fire fighters.                                                  
                                                                               
  CHAIRMAN VEZEY answered the question.                                        
                                                                               
  Number 678                                                                   
                                                                               
  JOE STRUNKA testified via teleconference from Fairbanks in                   
  support of HB 42 and HB 36.                                                  
                                                                               
  TAPE 93-10 SIDE 1                                                            
  Number 000                                                                   
                                                                               
  FRED G. GAFFNEY spoke in support of HB 42 and HB 36.                         
                                                                               
  Number 077                                                                   
                                                                               
  WENDY REDMAN testified via teleconference from Fairbanks in                  
  support of HB 36 in response to Representative Martin's                      
  testimony.                                                                   
                                                                               
  CHAIRMAN VEZEY suggested written testimony be submitted to                   
  the committee regarding HB 36 or HB 42.  He asked if there                   
  were any further comments on HB 36 and HB 42.  Hearing none,                 
  these bills were held in committee for further                               
  consideration.                                                               
  HB 36:  RETIREMENT INCENTIVE PROGRAM                                         
                                                                               
  Number 160                                                                   
                                                                               
  REPRESENTATIVE ULMER asked a question of Mr. Stalnaker                       
  regarding HB 36 costs.                                                       
                                                                               
  Number 205                                                                   
                                                                               
  ROBERT STALNAKER, DIRECTOR, DIVISION OF RETIREMENT AND                       
  BENEFITS, DEPARTMENT OF ADMINISTRATION, responded to clarify                 
  actuarial components of the retirement incentive and                         
  anticipated costs.  He also discussed annual reports.                        
                                                                               
  Number 333                                                                   
                                                                               
  CHAIRMAN VEZEY asked if Mr. Stalnaker was the administrator                  
  of retirement benefits.                                                      
                                                                               
  Number 335                                                                   
                                                                               
  MR. STALNAKER responded in the affirmative.                                  
                                                                               
  Number 356                                                                   
                                                                               
  STEPHEN GLAUNER, a principal from Palmer, testified via                      
  teleconference from Mat-Su in support to HB 36.  He stated                   
  the brain drain was not an issue.                                            
                                                                               
  ADJOURNMENT                                                                  
                                                                               
  Number 359                                                                   
                                                                               
  With no further comments on HB 36, Chairman Vezey adjourned                  
  the meeting at 10:00 a.m.                                                    

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