93^rd Legislative Session _ 2018

Committee: Senate Retirement Laws

                                            P - Present
                                            E - Excused
                                            A - Absent

Roll Call
Y    Frerichs
E    Heinert
Y    Tidemann
Y    Novstrup, Vice-Chair
Y    White, Chair

OTHERS PRESENT: See Original Minutes

The meeting was called to order by the chair, Senator White.

    SB 35: revise the classification of juvenile corrections agents in the South Dakota Retirement System and to revise certain terminology regarding correctional staff.

Presented by:    Denny Kaemingk, Department of Corrections
Proponents:    Kristi Bunkers, Department of Corrections
        Jacque Storm, South Dakota Retirement System

MOTION:    DO PASS SB 35

Moved by:    Novstrup
Second by:    Frerichs
Action:    Prevailed by roll call vote. (4-0-1-0)

Voting Yes:    Frerichs, Tidemann, Novstrup, White

Excused:    Heinert

MOTION:    PLACE SB 35 ON CONSENT CALENDAR

Moved by:    Tidemann

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Second by:    Frerichs
Action:    Prevailed by voice vote.

    SB 36: revise certain provisions regarding the South Dakota Retirement System.

Presented by:    Jacque Storm, South Dakota Retirement System

MOTION:    DO PASS SB 36

Moved by:    Novstrup
Second by:    Frerichs
Action:    Prevailed by roll call vote. (4-0-1-0)

Voting Yes:    Frerichs, Tidemann, Novstrup, White

Excused:    Heinert

MOTION:    PLACE SB 36 ON CONSENT CALENDAR

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

    SB 37: revise the automatic enrollment provisions of the deferred compensation plan of the South Dakota Retirement System.

Presented by:    Rob Wylie, SD Retirement System

MOTION:    DO PASS SB 37

Moved by:    Novstrup
Second by:    Frerichs
Action:    Prevailed by roll call vote. (4-0-1-0)

Voting Yes:    Frerichs, Tidemann, Novstrup, White

Excused:    Heinert

MOTION:    PLACE SB 37 ON CONSENT CALENDAR

Moved by:    Novstrup
Second by:    Tidemann

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Action:    Prevailed by voice vote.

    SB 38: revise the process for establishing the compensation of the executive director of the South Dakota Retirement System.

Presented by:    Steve Zinter, SD Retirement, Board of Trustees

MOTION:    AMEND SB 38

38fa

    On page 1, line 11, of the printed bill, delete everything after "systems." and insert "The board may adjust the salary of the executive director annually in accordance with the state employee salary policy as enacted by the Legislature in each corresponding year.

    The board shall report any change in the executive director's compensation above the state employee salary policy to the Retirement Laws Committee before July first for the upcoming fiscal year. The change in compensation above the state employee salary policy is effective if approved by the majority vote of the Retirement Laws Committee.".

    On page 1, delete lines 12 to 14, inclusive.

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

MOTION:    DO PASS SB 38 AS AMENDED

Moved by:    Novstrup
Second by:    Frerichs
Action:    Prevailed by roll call vote. (4-0-1-0)

Voting Yes:    Frerichs, Tidemann, Novstrup, White

Excused:    Heinert

MOTION:    ADJOURN

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

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Mary Kirk

Committee Secretary

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