PUBLIC
SAFETY PERSONNEL RETIREMENT SYSTEM
2005 ENACTED LEGISLATION
***47th Legislature � 1st Regular
Session adjourned sine die on Friday, May 13th at 1:25 am.� Unless otherwise noted, enacted legislation
will go into effect August 12, 2005.***
H
2621 �Retiree
Health Insurance; Rural Subsidy
The
provision that is set to expire
Sponsor:
Rep. Konopnicki
Current Action: 2/9 referred to House pub-ret, gov ref, appro B.; 2/16 House gov ref amended, report awaited; 2/17 from House gov ref with amend #3353; 3/2 from House appro B with amend #3674; 3/8 from House appro B with corrected amend #3788 (replaces 3674); 3/9 from House rules okay; 3/10 House COW approved with amend #3788, amend 3353 was withdrawn; 3/21 passed House 45-7, ready for Senate; 3/23 referred to Senate fin, appro; 4/4 Senate fin, do pass; 4/6 Senate appro, do pass; 4/27 from Senate rules, okay; 4/28 Senate COW approved; 5/9 passed Senate 27-1, ready for governor; 5/20 signed by Governor, Chap. 297, Laws 2005.
S
1360� Retiree
Health Insurance Committee
A Retiree Health Insurance Committee is formed to evaluate the options for retiree health insurance coverage proposed by the private entity retained by Legislative Council pursuant to Laws 2004, Ch. 325, � 8 (H 2542).� A report is due by the end of the year.
Sponsor:
Sen. Huppenthal
Current Action: 2/1 referred to Senate fin; 2/17
Senate fin held; 2/24 Senate fin do pass; 2/28 from Senate fin to Senate
consent calendar; 3/1 from Senate rules okay; 3/8 passed Senate 23-5, ready for
House; 3/22 referred to House pub-ret; 3/29 from House pub-ret; 4/13 from House
rules okay; 4/14 House COW approved; 4/18 passed House 46-12, ready for
governor; 4/25 signed by Governor, Chap. 207, Laws
2005.
S 1366� Minimum
Employer Contribution Rate
Beginning
with fiscal year 2006-2007, the
Sponsor:
Sen. Martin
Current Action: 2/1 referred to Senate fin; 2/17
Senate fin amended; 2/21 from Senate fin with amend #3412; 2/22 from Senate
rules okay; 2/24 Senate COW approved with amend #3412; 3/2 passed Senate 29-1,
ready for House; 3/8 referred to House pub-ret, appro B; 3/15 from House
pub-ret do pass; 3/30 from House appro B with amend #4232; 4/11 from House
rules okay; 4/12 House COW approved with amend #4232 and floor amend #4431;
4/14 passed House 53-3, ready for Senate action on House amendments; 4/19
Senate concurred in House amendments and passed on final reading 17-1, ready
for governor; 4/25 signed by Governor, Chap. 208,
Laws 2005.
S 1367 �
Would
allow a member of
Sponsor:
Sen. Martin
Current Action: 2/1 referred to Senate fin; 2/17 Senate fin held; 2/28 from Senate fin with amend #3601; 3/1 from Senate rules okay; 3/8 Senate COW approved with amend #3601; note short title change; 3/10 passed Senate 28-0, ready for House; 3/22 referred to House pub-ret, appro P; 3/29 from House pub-ret, do pass; 4/7 from House appro, do pass; 4/13 from House rules okay; 4/14 House COW approved; 4/18 passed House 58-0, ready for Governor; 4/25 signed by Governor, Chap. 209, Laws 2005.
S 1375 �
Would establish a �Reverse DROP.�� Any member who has not elected to participate in DROP and who has at least 20 years of credited service could elect to participate in Reverse DROP.� The member would designate either the first day of the calendar month immediately following the member�s completion of twenty years of credited service OR a date not more than sixty consecutive months before the date the member elects to participate in the Reverse DROP, whichever is later, as the member�s Reverse DROP Date.� The member would immediately retire and begin to receive a monthly pension calculated in the same manner as a normal pension using the factors of credited service and average monthly compensation as of the Reverse DROP Date.� The member would not receive a refund of contributions made after the Reverse DROP Date.� The member would receive an immediate lump sum distribution in an amount that is credited as though accrued monthly and that represents interest at a rate equal to three and one-half per cent.
Sponsor:
Sen. Huppenthal
Current Action: 3/29 from House pub-ret with amend #4210; 4/11 from House rules okay; 4/12 House COW approved with amend #4210, note short title change; 4/14 passed House 51-7, ready for Senate action on House amendments; 4/28 Senate concurred in House amendments and passed on final reading 30-0, ready for governor; 5/4 signed by Governor, Chap. 258, Laws 2005.
S 1378 �
SB 1378 would amend the qualifications for certain positions on the Fund Manager board.�
Sponsor:
Sen. Martin
Current Action: 2/1 referred to Senate fin; 2/17 Senate fin held; 2/24 Senate fin do pass; 2/28 from Senate fin to Senate consent calendar; 3/1 from Senate rules okay; 3/8 passed Senate 27-0, ready for House; 3/22 referred to House pub-ret; 3/29 from House pub-ret with amend #4211; 4/7 House COW approved with amend #4211; 4/12 passed House 56-2; ready for Senate action on House amendments; 4/14 Senate refused to concur in House amendments and named Martin, Garcia and Harper to a free conference committee; 4/18 House named McClure, Burns and Burton-Cahill to the free conference committee; 5/3 House adopted conference report #4670; 5/4 Senate adopted conference report #4670 and passed on final reading 28-1; awaits House final vote; 5/10 passed House on final reading 48-4, ready for governor; 5/20 signed by Governor, Chap. 319, Laws 2005.
S 1521 �
Budget bill dealing with various budgeting procedures, including the frequency of reports from the fund managers of PSPRS, CORP and EORP on employer and employee contribution rates is changed from even numbered years to every year.�
Sponsor:
Sen. Burns
Current Action: 5/5 from Senate rules okay; 5/6 Senate COW approved with floor amend #4751, a substitute for amend #4645.� Passed Senate 29-0.� Substituted in House for identical HB 2772 and passed 37-20, ready for governor; 5/20 signed by Governor, Chap. 331, Laws 2005.