Committee: House Retirement Laws
Tuesday, February 14, 2006
P - Present
E - Excused
A - Absent
Roll Call
P Elliott
P Roberts
P Sebert
P Rounds, Vice-Chair
P Michels, Chair
OTHERS PRESENT: See Original Minutes
The meeting was called to order by Representative Tim Rounds, Vice-Chair
MOTION:
TO APPROVE THE MINUTES OF WEDNESDAY, JANUARY 25, 2006
Moved by: Roberts
Second by: Sebert
Action: Prevailed by voice vote.
SB 5: adjust certain participation standards for the South Dakota special pay
retirement program.
Presented by: Rob Wylie, South Dakota Retirement System (Handout #1)
MOTION:
DO PASS SB 5
Moved by: Sebert
Second by: Roberts
Action: Prevailed by roll call vote.(5-0-0-0)
Voting Yes: Elliott, Roberts, Sebert, Rounds, Michels
MOTION:
PLACE SB 5 ON CONSENT CALENDAR
Moved by: Elliott
Second by: Sebert
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: Elliott
Second by: Sebert
Action: Prevailed by roll call vote.(5-0-0-0)
Voting Yes: Elliott, Roberts, Sebert, Rounds, Michels
MOTION:
PLACE SB 6 ON CONSENT CALENDAR
Moved by: Roberts
Second by: Sebert
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: Sebert
Second by: Roberts
Action: Prevailed by roll call vote.(5-0-0-0)
Voting Yes: Elliott, Roberts, Sebert, Rounds, Michels
MOTION:
PLACE SB 7 ON CONSENT CALENDAR
Moved by: Sebert
Second by: Elliott
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
Proponents: Wade Hubbard, SD Retirement System General Council
MOTION:
DO PASS SB 8
Moved by: Roberts
Second by: Elliott
Action: Prevailed by roll call vote.(5-0-0-0)
Voting Yes: Elliott, Roberts, Sebert, Rounds, Michels
MOTION:
PLACE SB 8 ON CONSENT CALENDAR
Moved by: Sebert
Second by: Roberts
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: Elliott
Second by: Sebert
Action: Prevailed by roll call vote.(5-0-0-0)
Voting Yes: Elliott, Roberts, Sebert, Rounds, Michels
MOTION:
PLACE SB 9 ON CONSENT CALENDAR
Moved by: Roberts
Second by: Sebert
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
MOTION:
DO PASS SB 10
Moved by: Sebert
Second by: Roberts
Action: Prevailed by roll call vote.(5-0-0-0)
Voting Yes: Elliott, Roberts, Sebert, Rounds, Michels
MOTION:
ADJOURN
Moved by: Sebert
Second by: Elliott
Action: Prevailed by voice vote.
Linda Daugaard
____________________________
Committee Secretary
Tim Rounds, Vice- Chair
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