87^th Legislative Session _ 2012

Committee: Senate Retirement Laws
                                        
                                            P - Present
                                            E - Excused
                                            A - Absent

Roll Call
P    Buhl
P    Sutton
P    Tidemann
P    Nelson (Tom), Vice-Chair
P    Rampelberg, Chair

OTHERS PRESENT: See Original Minutes

The meeting was called to order by Chair, Senator Bruce Rampelberg.

        SB 29: authorize the establishment of a designated Roth contribution program within the state deferred compensation plan.

Presented by:    Rob Wylie, SD Retirement System, (Handout #1)
Proponents:    Eric Ollila, SD State Employees Organization

MOTION:    DO PASS SB 29

Moved by:    Nelson (Tom)
Second by:    Buhl
Action:    Prevailed by roll call vote. (5-0-0-0)

Voting Yes:    Buhl, Sutton, Tidemann, Nelson (Tom), Rampelberg

MOTION:    PLACE SB 29 ON CONSENT CALENDAR

Moved by:    Nelson (Tom)
Second by:    Buhl
Action:    Prevailed by voice vote.

        SB 30: allow for the establishment of an alternative benefit enhancement methodology within the South Dakota Retirement System.

---

Presented by:    Rob Wylie, SD Retirement System

MOTION:    DO PASS SB 30

Moved by:    Nelson (Tom)
Second by:    Sutton
Action:    Prevailed by roll call vote. (5-0-0-0)

Voting Yes:    Buhl, Sutton, Tidemann, Nelson (Tom), Rampelberg

MOTION:    PLACE SB 30 ON CONSENT CALENDAR

Moved by:    Tidemann
Second by:    Sutton
Action:    Failed by voice vote.

        SB 31: revise certain provisions relating to the South Dakota Retirement System, the South Dakota deferred compensation plan, and the South Dakota special pay retirement program.

Presented by:    Jacque Storm, SD State Retirement

MOTION:    DO PASS SB 31

Moved by:    Nelson (Tom)
Second by:    Sutton
Action:    Prevailed by roll call vote. (5-0-0-0)

Voting Yes:    Buhl, Sutton, Tidemann, Nelson (Tom), Rampelberg

MOTION:    ADJOURN

Moved by:    Tidemann
Second by:    Buhl
Action:    Prevailed by voice vote.
                
                

Bonnie Fischer

Committee Secretary

---

../01191500.SRE