Committee: Senate Retirement Laws
Wednesday, January 25, 2006
P - Present
E - Excused
A - Absent
Roll Call
P Apa
P Koetzle
P Sutton (Dan)
P Earley, Vice-Chair
P Greenfield, Chair
OTHERS PRESENT: See Original Minutes
The meeting was called to order by Chair Greenfield.
Justice Zinter, Vice-Chair of the SD Retirement System Board of Trustees, introduced Rob Wylie,
SD Retirement System Executive Director.
SB 5: adjust certain participation standards for the South Dakota special pay
retirement program.
Presented by: Rob Wylie, South Dakota Retirement System
MOTION:
DO PASS SB 5
Moved by: Apa
Second by: Koetzle
Action: Prevailed by roll call vote.(5-0-0-0)
Voting Yes: Apa, Koetzle, Sutton (Dan), Earley, Greenfield
MOTION:
PLACE SB 5 ON CONSENT CALENDAR
Moved by: Apa
Second by: Earley
Action: Prevailed by voice vote.
SB 6: define certain terms related to the South Dakota Retirement System.
Presented by: Rob Wylie, South Dakota Retirement System
MOTION:
DO PASS SB 6
Moved by: Earley
Second by: Koetzle
Action: Prevailed by roll call vote.(5-0-0-0)
Voting Yes: Apa, Koetzle, Sutton (Dan), Earley, Greenfield
MOTION:
PLACE SB 6 ON CONSENT CALENDAR
Moved by: Apa
Second by: Koetzle
Action: Prevailed by voice vote.
SB 7: clarify certain provisions regarding the level income payment option within the
South Dakota Retirement System.
Presented by: Rob Wylie, South Dakota Retirement System
MOTION:
DO PASS SB 7
Moved by: Sutton (Dan)
Second by: Earley
Action: Prevailed by roll call vote.(5-0-0-0)
Voting Yes: Apa, Koetzle, Sutton (Dan), Earley, Greenfield
MOTION:
PLACE SB 7 ON CONSENT CALENDAR
Moved by: Apa
Second by: Earley
Action: Prevailed by voice vote.
SB 8: establish to whom the South Dakota Retirement System may make benefit
payments on behalf of minors.
Presented by: Rob Wylie, South Dakota Retirement System
MOTION:
DO PASS SB 8
Moved by: Earley
Second by: Apa
Action: Prevailed by roll call vote.(5-0-0-0)
Voting Yes: Apa, Koetzle, Sutton (Dan), Earley, Greenfield
MOTION:
PLACE SB 8 ON CONSENT CALENDAR
Moved by: Apa
Second by: Earley
Action: Prevailed by voice vote.
SB 9: revise certain beneficiary provisions of the South Dakota Retirement System.
Presented by: Rob Wylie, South Dakota Retirement System
MOTION:
DO PASS SB 9
Moved by: Apa
Second by: Koetzle
Action: Prevailed by roll call vote.(5-0-0-0)
Voting Yes: Apa, Koetzle, Sutton (Dan), Earley, Greenfield
MOTION:
PLACE SB 9 ON CONSENT CALENDAR
Moved by: Earley
Second by: Sutton (Dan)
Action: Prevailed by voice vote.
SB 10: establish and revise certain provisions relating to South Dakota Retirement
System disability benefits.
Presented by: Rob Wylie, South Dakota Retirement System
Wade Hubbard, SD Retirement System, answered questions from the committee.
MOTION:
DO PASS SB 10
Moved by: Earley
Second by: Apa
Action: Prevailed by roll call vote.(5-0-0-0)
Voting Yes: Apa, Koetzle, Sutton (Dan), Earley, Greenfield
SB 16: revise certain re-employment requirements in the South Dakota Retirement
System.
Presented by: Senator Clarence Kooistra
Opponents: Rob Wylie, South Dakota Retirement System
Paul Aylward, Public Employees Union, SD Afscme 59
Christie Johnson, School Administrators of SD
Anne Plooster, SDEA
MOTION:
TO TABLE SB 16
Moved by: Apa
Second by: Earley
Action: Prevailed by roll call vote.(5-0-0-0)
Voting Yes: Apa, Koetzle, Sutton (Dan), Earley, Greenfield
The House Retirement Committee joined the meeting to hear and discuss the annual Actuarial
Report.
Justice Zinter introduced other members of the Board of Trustees who were in attendance, as well
as staff members. He then gave a brief report to the committees.
Rob Wylie, Executive Director of the SD Retirement System, then gave a report to the committees
as well as distributed handouts. (handouts # 1, 2 & 3)
Koren Holden presented the Actuarial Report. (handout #4)
MOTION:
ADJOURN
Moved by: Sutton (Dan)
Second by: Earley
Action: Prevailed by voice vote.
Cindy Tryon
____________________________
Committee Secretary
Brock L. Greenfield, Chair
../01251500.SRE
Page 1