92^nd Legislative Session _ 2017

Committee: Senate Retirement Laws

                                            P - Present
                                            E - Excused
                                            A - Absent

Roll Call
P    Frerichs
P    Heinert
P    Tidemann
P    Novstrup, Vice-Chair
P    White, Chair

OTHERS PRESENT: See Original Minutes

The meeting was called to order by The Chair, Sen White.

    HB 1016: revise the methodology for calculating the cost of living adjustment for South Dakota Retirement System benefits, to revise reporting conditions, and to provide uniform terminology.

Presented by:    Rob Wylie, SD Retirement System (Handouts: #1)
Proponents:    Lieutenant Matt Michels
        Eric Ollila, South Dakota State Employees Organization

MOTION:    DO PASS HB 1016

Moved by:    Tidemann
Second by:    Heinert
Action:    Prevailed by roll call vote. (5-0-0-0)

Voting Yes:    Frerichs, Heinert, Tidemann, Novstrup, White

    HB 1017: revise the definition of compensation for purposes of the South Dakota Retirement System, to provide a penalty for falsely reporting compensation, and to update references to the Internal Revenue Code.

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Presented by:    Jacque Storm, South Dakota Retirement System

MOTION:    DO PASS HB 1017

Moved by:    Tidemann
Second by:    Frerichs
Action:    Prevailed by roll call vote. (5-0-0-0)

Voting Yes:    Frerichs, Heinert, Tidemann, Novstrup, White

    HB 1018: revise the computation of final average compensation for benefits relating to the South Dakota Retirement System.

Presented by:    Rob Wylie, SD Retirement System

MOTION:    DO PASS HB 1018

Moved by:    Tidemann
Second by:    Frerichs
Action:    Prevailed by roll call vote. (5-0-0-0)

Voting Yes:    Frerichs, Heinert, Tidemann, Novstrup, White

    HB 1019: revise certain provisions relating to the salary of the executive director of the South Dakota Retirement System.

Presented by:    Jacque Storm, South Dakota Retirement System

MOTION:    DO PASS HB 1019

Moved by:    Tidemann
Second by:    Frerichs
Action:    Prevailed by roll call vote. (5-0-0-0)

Voting Yes:    Frerichs, Heinert, Tidemann, Novstrup, White

MOTION:    PLACE HB 1019 ON CONSENT CALENDAR

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

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MOTION:    ADJOURN

Moved by:    Heinert
Second by:    Frerichs
Action:    Prevailed by voice vote.

Mary Kirk

Committee Secretary

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