P - Present
Roll Call
OTHERS PRESENT: See Original Minutes
The meeting was called to order by Chair Rounds.
MOTION:
TO APPROVE THE MINUTES OF INTERIM MEETING 12/05/07
HB 1023: revise certain provisions pertaining to the South Dakota Retirement
System, the South Dakota deferred compensation plan and the South Dakota special
pay retirement program.
HB 1024: revise the definition of child for the purposes of the South Dakota
Retirement System.
Sharon Smith
E - Excused
A - Absent
P Elliott
P Faehn, Vice-Chair
P Feinstein
P Steele
P Rounds, Chair
Moved by: Faehn
Second by: Steele
Action: Prevailed by voice vote.
HB 1019: provide benefit formula improvements for the members of the South
Dakota Retirement System.
Presented by: David Slishinsky, Actuarial, Buck Consultants
Proponents: Rob Wylie, Admministrator, SDRS (Handout #1)
Corey Landeen, SDSEO
Donna DeKraai, SDEA
John Pedersen, School Administrator of South Dakota
Bill Lynch, Associated School Boards of South Dakota
Paul Aylward, SD AFSCME 59 Dakotas Public Employees Union
Sam Wilson, AARP
MOTION:
DO PASS HB 1019
Moved by: Faehn
Second by: Steele
Action: Prevailed by roll call vote. (5-0-0-0)
Voting Yes: Elliott, Faehn, Feinstein, Steele, Rounds
HB 1020: authorize the South Dakota Retirement System Board of Trustees to
establish an automatic enrollment feature within the South Dakota deferred
compensation plan.
Presented by: Wade Hubbard, SDRS
Proponents: Rob Wylie, Administrator, SDRS
MOTION:
DO PASS HB 1020
Moved by: Elliott
Second by: Feinstein
Action: Prevailed by roll call vote. (5-0-0-0)
Voting Yes: Elliott, Faehn, Feinstein, Steele, Rounds
HB 1021: create the South Dakota Retirement System supplemental pension benefit.
Proponents: Rob Wylie, Administrator, SDRS
MOTION:
DO PASS HB 1021
Moved by: Steele
Second by: Faehn
Action: Prevailed by roll call vote. (5-0-0-0)
Voting Yes: Elliott, Faehn, Feinstein, Steele, Rounds
HB 1022: revise the South Dakota Retirement System's contested case provisions.
Proponents: Wade Hubbard, SDRS
MOTION:
DO PASS HB 1022
Moved by: Feinstein
Second by: Steele
Action: Prevailed by roll call vote. (5-0-0-0)
Voting Yes: Elliott, Faehn, Feinstein, Steele, Rounds
MOTION:
PLACE HB 1022 ON CONSENT CALENDAR
Moved by: Faehn
Second by: Elliott
Action: Prevailed by voice vote.
The Chair passed the gavel to Vice Chair Faehn.
Proponents: Wade Hubbard, SDRS
MOTION:
DO PASS HB 1023
Moved by: Rounds
Second by: Steele
Action: Prevailed by roll call vote. (5-0-0-0)
Voting Yes: Elliott, Faehn, Feinstein, Steele, Rounds
The Vice Chair passed the gavel to the Chair.
Presented by: David Slishinsky, Actuarial, Buck Consultants
Proponents: Wade Hubbard, SDRS
MOTION:
DO PASS HB 1024
Moved by: Steele
Second by: Elliott
Action: Prevailed by roll call vote. (5-0-0-0)
Voting Yes: Elliott, Faehn, Feinstein, Steele, Rounds
MOTION:
PLACE HB 1024 ON CONSENT CALENDAR
Moved by: Faehn
Second by: Elliott
Action: Failed by voice vote.
HB 1025: bring the South Dakota Retirement System's annual benefit improvement
for certain firefighters in line with the improvement for other members.
Presented by: Rob Wylie, Administrator, SDRS
Proponents: Wade Hubbard, SDRS
MOTION:
DO PASS HB 1025
Moved by: Feinstein
Second by: Steele
Action: Prevailed by roll call vote. (5-0-0-0)
Voting Yes: Elliott, Faehn, Feinstein, Steele, Rounds
MOTION:
PLACE HB 1025 ON CONSENT CALENDAR
Moved by: Elliott
Second by: Faehn
Action: Prevailed by voice vote.
MOTION:
ADJOURN
Moved by: Elliott
Second by: Faehn
Action: Prevailed by voice vote.
Committee Secretary
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