05/01/1995 07:38 PM Senate RLS

                     SENATE RULES COMMITTEE                                    
                          May 1, 1995                                          
                           7:38 p.m.                                           
                                                                               
                                                                               
 MEMBERS PRESENT                                                               
                                                                               
 Senator Mike Miller, Chair                                                    
 Senator Drue Pearce, Vice Chair                                               
 Senator Bert Sharp                                                            
 Senator Judy Salo                                                             
                                                                               
  MEMBERS ABSENT                                                               
                                                                               
 Senator Jim Duncan                                                            
                                                                               
  COMMITTEE CALENDAR                                                           
                                                                               
 SENATE BILL NO. 148                                                           
 "An Act relating to a defined contribution retirement plan for                
 state employees."                                                             
                                                                               
  PREVIOUS SENATE COMMITTEE ACTION                                             
                                                                               
 SB 148 - Finance report 5/1/95.                                               
                                                                               
    ACTION NARRATIVE                                                           
                                                                               
 TAPE 95-8, SIDE A                                                             
  CHAIRMAN MILLER  called the Senate Rules Committee meeting to order          
 at 7:38 p.m.  He brought  SB 148  (STATE EMP DEFINED CONTRIB                  
 RETIREMENT PROG) before the committee and directed attention to a             
 proposed amendment.                                                           
                                                                               
 SENATOR RIEGER explained that at a Finance Committee meeting                  
 earlier in the day the Administration stated that the idea of using           
 a linkage between the cost of the Public Employees Retirement                 
 System and the Supplemental Benefits System so that the total cost            
 to the employer is fixed could cause an IRS problem.  He                      
 recommended deleting that section from the Finance CS to avoid                
 triggering an IRS problem.                                                    
                                                                               
 SENATOR SALO commented that since there was a willingness to take             
 out that section, maybe there was a willingness to take out some of           
 the other sections that were problematic at the table.                        
                                                                               
 SENATOR SHARP moved adoption of the following amendment to CSSB
(FIN).  Hearing no objection, CHAIRMAN MILLER stated the                   
 amendment was adopted and would be incorporated into a Rules CS.              
                                                                               
 Amendment No. 1                                                             
                                                                               
 Page 1, line 2 - 3:  Delete "relating to the supplemental benefits            
      system;"                                                                 
                                                                               
 Page 7, line 28 through page 8, line 20:                                      
  Delete all material.                                                         
  Renumber the following bill sections accordingly.                            
  Renumber the internal references to bill sections accordingly.               
                                                                               
 SENATOR PEARCE moved that CSSB 148(RLS) be approved for                       
 calendaring.  SENATOR SALO objected.  The roll was taken with the             
 following result:  Senators Pearce, Sharp and Miller voted "Yea"              
 and Senator Salo voted "Nay."  CHAIRMAN MILLER stated the motion              
 carried.                                                                      
                                                                               
 There being no further business to come before the committee, the             
 meeting was adjourned at 7:41 p.m.