Committee: House Retirement Laws
Wednesday, February 15, 2012
P - Present
E - Excused
A - Absent
Roll Call
P Feinstein
P Kirschman
P Perry
P Wick, Vice-Chair
P Steele, Chair
OTHERS PRESENT: See Original Minutes
The meeting was called to order by Representative Steele, Chair.
SB 29: authorize the establishment of a designated Roth contribution program within
the state deferred compensation plan.
Proponents: Rob Wylie, SD Retirement System (Handout 1)
Eric Ollila, SD State Employees Organization
Opponents: None
MOTION: DO PASS SB 29
Moved by: Perry
Second by: Kirschman
Action: Prevailed by roll call vote. (5-0-0-0)
Voting Yes: Feinstein, Kirschman, Perry, Wick, Steele
MOTION: PLACE SB 29 ON CONSENT CALENDAR
Moved by: Wick
Second by: Perry
Action: Prevailed by voice vote.
SB 30: allow for the development of an alternative benefit enhancement methodology
within the South Dakota Retirement System.
Proponents: Rob Wylie, SD Retirement System
Opponents: None
MOTION: DO PASS SB 30
Moved by: Feinstein
Second by: Kirschman
Action: Prevailed by roll call vote. (5-0-0-0)
Voting Yes: Feinstein, Kirschman, Perry, Wick, Steele
MOTION: PLACE SB 30 ON CONSENT CALENDAR
Moved by: Kirschman
Second by: Perry
Action: Prevailed 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.
Proponents: Jacque Storm, SD State Retirement
Rob Wylie, SD Retirement System, answered questions of committee members.
Opponents: None
MOTION: DO PASS SB 31
Moved by: Perry
Second by: Kirschman
Action: Prevailed by roll call vote. (5-0-0-0)
Voting Yes: Feinstein, Kirschman, Perry, Wick, Steele
MOTION: PLACE SB 31 ON CONSENT CALENDAR
Moved by: Kirschman
Action: Died for lack of a second.
MOTION: ADJOURN
Moved by: Perry
Second by: Kirschman
Action: Prevailed by voice vote.
Grace Curtis
____________________________
Committee Secretary
Manny Steele, Chair
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