73rd Legislative Session -- 1998

Committee: Senate Retirement Laws

Wednesday, January 28, 1998

                                            P - Present
                                            E - Excused
                                            A - Absent

Roll Call
P      Rounds, Chair
P      Albers, Vice-Chair
P      Brown (Arnold)
P      Hunhoff
P      Lawler


OTHERS PRESENT: See Original Minutes

The meeting was called to order by Senator Rounds.


MOTION:      ADOPT COMMITTEE RULES

Moved by:      Senator Brown (Arnold)
Second by:      Senator Lawler
Action:      Prevailed by roll call vote.   (5-0-0-0)

Voting yes:      Rounds, Albers, Brown (Arnold), Hunhoff, Lawler

          SB 44:   to revise the methods of compensating the administrator and exempt employees of the South Dakota Retirement System.

Proponents:      Elmer Brinkman, South Dakota Retirement System
Paul Schrader, South Dakota Retirement System (Document A)

MOTION:      AMEND SB 44

p-44

     On page 1 , line 6 of the printed bill , delete " The Board of Trustees shall " .

     On page 1 , delete lines 7 and 8 .

     On page 1 , line 9 , delete " of each even numbered year. " .


Moved by:      Senator Lawler
Second by:      Senator Albers
Action:      Prevailed by voice vote.

MOTION:      DO PASS SB 44 AS AMENDED

Moved by:      Senator Lawler
Second by:      Senator Brown (Arnold)
Action:      Prevailed by roll call vote.   (5-0-0-0)

Voting yes:      Rounds, Albers, Brown (Arnold), Hunhoff, Lawler

MOTION:      TO AMEND TITLE OF SB 44

p-44t

     On page 1 , line 2 of the printed bill , overstrike " and exempt employees " .


Moved by:      Senator Hunhoff
Second by:      Senator Brown (Arnold)
Action:      Prevailed by voice vote.

MOTION:      PLACE SB 44 ON CONSENT

Moved by:      Senator Lawler
Second by:      Senator Albers
Action:      Prevailed by voice vote.

          SB 45:   to provide benefit improvements for the members of the South Dakota Retirement System.

Proponents:      Al Asher, South Dakota Retirement System
          Ken Melius, South Dakota State Employees Organization
          Bob Stevens, SDEA
          Wyland Borth, AARP
          Paul Schrader, South Dakota Retirement System

MOTION:      DO PASS SB 45

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

Voting yes:      Rounds, Albers, Brown (Arnold), Hunhoff, Lawler

          SB 46:   to increase the time period to choose additional survivor protection coverage under the South Dakota Retirement System.

Proponents:      Al Asher, South Dakota Retirement System

MOTION:      DO PASS SB 46

Moved by:      Senator Brown (Arnold)
Second by:      Senator Hunhoff
Action:      Prevailed by roll call vote.   (5-0-0-0)

Voting yes:      Rounds, Albers, Brown (Arnold), Hunhoff, Lawler

MOTION:      PLACE SB 46 ON CONSENT

Moved by:      Senator Lawler
Second by:      Senator Brown (Arnold)
Action:      Prevailed by voice vote.

          SB 47:   to revise the age at which certain members of the South Dakota Retirement System can retire without a reduction in benefits.

Proponents:      Al Asher, South Dakota Retirement System
          Paul Schrader, South Dakota Retirement System

MOTION:      DO PASS SB 47

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

Voting yes:      Rounds, Albers, Brown (Arnold), Hunhoff, Lawler

          SB 48:   to permit the Huron firefighters to participate in the South Dakota Retirement System.

Proponents:      Al Asher, South Dakota Retirement System

MOTION:      DO PASS SB 48

Moved by:      Senator Brown (Arnold)
Second by:      Senator Hunhoff
Action:      Prevailed by roll call vote.   (4-0-1-0)

Voting yes:      Rounds, Albers, Brown (Arnold), Hunhoff

Excused:      Lawler

          SB 49:   to prorate the interest on contributions under the South Dakota Retirement System.

Proponents:      Al Asher, South Dakota Retirement System
          Paul Schrader, South Dakota Retirement System
          Ken Melius, South Dakota State Employees Organization

MOTION:      DO PASS SB 49

Moved by:      Senator Albers
Second by:      Senator Hunhoff
Action:      Prevailed by roll call vote.   (4-0-1-0)

Voting yes:      Rounds, Albers, Brown (Arnold), Hunhoff

Excused:      Lawler

MOTION:      PLACE SB 49 ON CONSENT

Moved by:      Senator Brown (Arnold)
Second by:      Senator Hunhoff
Action:      Prevailed by voice vote.

          SB 50:   to reduce the eligibility period for vesting in the South Dakota Retirement System.

Proponents:      Al Asher, South Dakota Retirement System
          Paul Schrader, South Dakota Retirement System
          Ken Melius, South Dakota State Employees Organization

MOTION:      DO PASS SB 50

Moved by:      Senator Brown (Arnold)
Second by:      Senator Hunhoff
Action:      Prevailed by roll call vote.   (4-0-1-0)

Voting yes:      Rounds, Albers, Brown (Arnold), Hunhoff

Excused:      Lawler

          SB 51:   to prorate a South Dakota Retirement System benefit recipient's initial annual improvement factor.

Proponents:      Al Asher, South Dakota Retirement System
          Paul Schrader, South Dakota Retirement System

MOTION:      DO PASS SB 51

Moved by:      Senator Albers
Second by:      Senator Brown (Arnold)
Action:      Prevailed by roll call vote.   (4-0-1-0)

Voting yes:      Rounds, Albers, Brown (Arnold), Hunhoff

Excused:      Lawler

MOTION:      ADJOURN

Moved by:      Senator Albers
Second by:      Senator Brown (Arnold)
Action:      Prevailed by voice vote.



Mary Lloyd

_________________________________

Committee Secretary
M. Michael Rounds, Chair


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