2008 Legislative Session _ 2008

Committee: Senate Retirement Laws
Friday, January 25, 2008

                                            P - Present
                                            E - Excused
                                            A - Absent

Roll Call
P    Albers, Vice-Chair
P    Apa
P    Jerstad
P    Koetzle
P    Smidt (Orville), Chair

OTHERS PRESENT: See Original Minutes

The meeting was called to order by Chair Smidt.

Elmer Brinkman, South Dakota Retirement System, introduced his staff and Board of Directors.

         HB 1019: provide benefit formula improvements for the members of the South Dakota Retirement System.

Presented by:    Rob Wylie, South Dakota Retirement System (Handout #1)
        David Slishinsky, Actuary, Buck Consultants (Handout # 2)
Proponents:    Corey Landeen, SD State Employees Organization
        Sam Wilson, AARP
        Paul Aylward, SD AFSCME 59 Dakotas Public Employees Union
        Sandra Waltman, SD Education Association
        Wyland Borth, SD Retired Teachers Association

MOTION:     DO PASS HB 1019

Moved by:    Koetzle
Second by:    Jerstad
Action:    Prevailed by roll call vote. (5-0-0-0)

Voting Yes:    Albers, Apa, Jerstad, Koetzle, Smidt (Orville)


         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:    Rob Wylie, South Dakota Retirement System
        Wade Hubbard, South Dakota Retirement System
Proponents:    Sam Wilson, AARP
        Paul Aylward, SD AFSCME 59 Dakotas Public Employees Union
        Sandra Waltman, SD Education Association
        Wyland Borth, SD Retired Teachers Association

MOTION:     DO PASS HB 1020

Moved by:    Koetzle
Second by:    Albers
Action:    Prevailed by roll call vote. (5-0-0-0)

Voting Yes:    Albers, Apa, Jerstad, Koetzle, Smidt (Orville)

MOTION:     PLACE HB 1020 ON CONSENT CALENDAR

Moved by:    Koetzle
Action:    Failed by voice vote.

         HB 1021: create the South Dakota Retirement System supplemental pension benefit.

Presented by:    Rob Wylie, South Dakota Retirement System
Proponents:    Sam Wilson, AARP
        Paul Aylward, SD AFSCME 59 Dakotas Public Employees Union
        Sandra Waltman, SD Education Association
        Wyland Borth, SD Retired Teachers Association

MOTION:     DO PASS HB 1021

Moved by:    Koetzle
Second by:    Jerstad
Action:    Prevailed by roll call vote. (5-0-0-0)

Voting Yes:    Albers, Apa, Jerstad, Koetzle, Smidt (Orville)

MOTION:     PLACE HB 1021 ON CONSENT CALENDAR

Moved by:    Koetzle
Second by:    Albers
Action:    Prevailed by voice vote.

         HB 1022: revise the South Dakota Retirement System's contested case provisions.

Presented by:    Rob Wylie, South Dakota Retirement System
        Wade Hubbard, South Dakota Retirement System
Proponents:    Sam Wilson, AARP
        Paul Aylward, SD AFSCME 59 Dakotas Public Employees Union
        Sandra Waltman, SD Education Association
        Wyland Borth, SD Retired Teachers Association

MOTION:     DO PASS HB 1022

Moved by:    Koetzle
Second by:    Jerstad
Action:    Prevailed by roll call vote. (5-0-0-0)

Voting Yes:    Albers, Apa, Jerstad, Koetzle, Smidt (Orville)

MOTION:     PLACE HB 1022 ON CONSENT CALENDAR

Moved by:    Koetzle
Second by:    Albers
Action:    Prevailed by voice vote.

         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.

Presented by:    Rob Wylie, South Dakota Retirement System
Proponents:    Sam Wilson, AARP
        Paul Aylward, SD AFSCME 59 Dakotas Public Employees Union
        Sandra Waltman, SD Education Association
        Wyland Borth, SD Retired Teachers Association

MOTION:     DO PASS HB 1023

Moved by:    Albers
Second by:    Koetzle
Action:    Prevailed by roll call vote. (5-0-0-0)

Voting Yes:    Albers, Apa, Jerstad, Koetzle, Smidt (Orville)

MOTION:     PLACE HB 1023 ON CONSENT CALENDAR

Moved by:    Albers
Second by:    Apa
Action:    Prevailed by voice vote.

         HB 1024: revise the definition of child for the purposes of the South Dakota Retirement System.

Presented by:    Rob Wylie, Adm. South Dakota Retirement System
        David Slishinsky, Actuary, Buck Consultants
Proponents:    Sam Wilson, AARP
        Paul Aylward, SD AFSCME 59 Dakotas Public Employees Union
        Sandra Waltman, SD Education Association
        Wyland Borth, SD Retired Teachers Association

MOTION:     DO PASS HB 1024

Moved by:    Apa
Second by:    Albers
Action:    Prevailed by roll call vote. (5-0-0-0)

Voting Yes:    Albers, Apa, Jerstad, Koetzle, Smidt (Orville)

MOTION:     PLACE HB 1024 ON CONSENT CALENDAR

Moved by:    Apa
Second by:    Albers
Action:    Prevailed 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, South Dakota Retirement System
Proponents:    Sam Wilson, AARP
        Paul Aylward, SD AFSCME 59 Dakotas Public Employees Union
        Sandra Waltman, SD Education Association
        Wyland Borth, SD Retired Teachers Association

MOTION:     DO PASS HB 1025

Moved by:    Koetzle
Second by:    Albers
Action:    Prevailed by roll call vote. (5-0-0-0)

Voting Yes:    Albers, Apa, Jerstad, Koetzle, Smidt (Orville)

MOTION:     PLACE HB 1025 ON CONSENT CALENDAR

Moved by:    Koetzle
Second by:    Albers
Action:    Prevailed by voice vote.

MOTION:     ADJOURN

Moved by:    Apa
Second by:    Albers
Action:    Prevailed by voice vote.

Linda Daugaard

____________________________

Committee Secretary
Orville B. Smidt, Chair

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