73rd Legislative Session -- 1998

Committee: House Retirement Laws

Monday, February 9, 1998

                                            P - Present
                                            E - Excused
                                            A - Absent

Roll Call
P      Matthews, Chair
E      Jorgensen, Vice-Chair
P      Diedrich
P      Barker
P      Davis


OTHERS PRESENT: See Original Minutes

The meeting was called to order by Chairman Dan Matthews.


MOTION:      ADOPT JOINT RULES.

Moved by:      Representative Davis
Second by:      Representative Barker
Action:      Prevailed by voice vote.

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

Proponents:      Elmer Brinkman, SDRS
          Paul Schrader, Bank Consultants
          Al Asher, SDRS
          Ken Melius, SDSEO
          Wyland Borth, AARP
          Bob Stevens, SDEA
Opponents:      None

MOTION:      DO PASS SB 45

Moved by:      Representative Davis
Second by:      Representative Diedrich
Action:      Prevailed by roll call vote.   (4-0-1-0)

Voting yes:      Matthews, Diedrich, Barker, Davis


Excused:      Jorgensen

MOTION:      PLACE SB 45 ON CONSENT

Moved by:      Representative Davis
Second by:      Representative Diedrich
Action:      Prevailed by voice vote.

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

Proponents:      Al Asher, SDRS
          Paul Schrader, Bank Consultants
Opponents:      None

MOTION:      DO PASS SB 46

Moved by:      Representative Diedrich
Second by:      Representative Barker
Action:      Prevailed by roll call vote.   (4-0-1-0)

Voting yes:      Matthews, Diedrich, Barker, Davis

Excused:      Jorgensen

MOTION:      PLACE SB 46 ON CONSENT

Moved by:      Representative Davis
Second by:      Representative Diedrich
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, SDRS
          Paul Schrader, Bank Consultants
Opponents:      None

MOTION:      DO PASS SB 47

Moved by:      Representative Barker
Second by:      Representative Davis
Action:      Prevailed by roll call vote.   (4-0-1-0)

Voting yes:      Matthews, Diedrich, Barker, Davis

Excused:      Jorgensen

MOTION:      PLACE SB 47 ON CONSENT

Moved by:      Representative Barker
Second by:      Representative Diedrich
Action:      Prevailed by voice vote.

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

Proponents:      Al Asher, SDRS
          Paul Schrader
          Bank Consultants
Opponents:      None

MOTION:      DO PASS SB 48

Moved by:      Representative Davis
Second by:      Representative Barker
Action:      Prevailed by roll call vote.   (4-0-1-0)

Voting yes:      Matthews, Diedrich, Barker, Davis

Excused:      Jorgensen

MOTION:      PLACE SB 48 ON CONSENT

Moved by:      Representative Diedrich
Second by:      Representative Davis
Action:      Prevailed by voice vote.

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

Proponents:      Al Asher, SDRS
          Paul Schrader, Bank Consultants
Opponents:      None

MOTION:      DO PASS SB 49

Moved by:      Representative Diedrich
Second by:      Representative Davis
Action:      Prevailed by roll call vote.   (4-0-1-0)

Voting yes:      Matthews, Diedrich, Barker, Davis

Excused:      Jorgensen

MOTION:      PLACE SB 49 ON CONSENT

Moved by:      Representative Barker
Second by:      Representative Davis
Action:      Prevailed by voice vote.

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

Proponents:      Al Asher, SDRS
          Paul Schrader, Bank Consultants
Opponents:      None

MOTION:      DO PASS SB 50

Moved by:      Representative Barker
Second by:      Representative Davis
Action:      Prevailed by roll call vote.   (4-0-1-0)

Voting yes:      Matthews, Diedrich, Barker, Davis

Excused:      Jorgensen

MOTION:      PLACE SB 50 ON CONSENT

Moved by:      Representative Diedrich
Second by:      Representative Barker
Action:      Prevailed by voice vote.

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

Proponents:      Al Asher, SDRS
          Paul Schrader, Bank Consultants
Opponents:      None

MOTION:      DO PASS SB 51

Moved by:      Representative Davis
Second by:      Representative Diedrich
Action:      Prevailed by roll call vote.   (4-0-1-0)

Voting yes:      Matthews, Diedrich, Barker, Davis

Excused:      Jorgensen

MOTION:      PLACE SB 51 ON CONSENT

Moved by:      Representative Diedrich
Second by:      Representative Davis
Action:      Prevailed by voice vote.

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

Proponents:      Elmer Brinkman, SDRS

Opponents:      None

MOTION:      DO PASS SB 44

Moved by:      Representative Diedrich
Second by:      Representative Davis
Action:      Prevailed by roll call vote.   (4-0-1-0)

Voting yes:      Matthews, Diedrich, Barker, Davis

Excused:      Jorgensen

MOTION:      PLACE SB 44 ON CONSENT

Moved by:      Representative Davis
Second by:      Representative Diedrich
Action:      Prevailed by voice vote.

          HB 1276:   to protect insurance and other non-pension benefits for retirees.

Proponents:      Representative Gil Koetzle
Opponents:      Darla Lyons, Divison of Insurance
          Dick Tieszen, Self-Insured Employers of SD

MOTION:      AMEND HB 1276

p-1276

     On page 1 , line 8 of the printed bill , delete " , or any other retiree benefit not directly related to a pension " .

     On page 1 , line 9 , delete " or retirement fund, or retirement savings plan " .

     On page 2 , after line 1 , insert:

"     Section 2. Nothing in this Act shall be construed to circumvent or take the place of the federal ERISA laws. "


Moved by:      Representative Barker
Second by:      Representative Davis
Action:      Prevailed by voice vote.

MOTION:      DEFER HB 1276 UNTIL THE 36TH LEGISLATIVE DAY

Moved by:      Representative Diedrich
Second by:      None
Action:      Died for a lack of a second

MOTION:      SUBSTITUTE MOTION DO PASS HB 1276

Moved by:      Representative Davis
Second by:      Representative Barker
Action:      Failed by roll call vote.   (2-2-1-0)

Voting yes:      Barker, Davis

Voting no:      Matthews, Diedrich

Excused:      Jorgensen

MOTION:      DEFER HB 1276 UNTIL THE 36TH LEGISLATIVE DAY

Moved by:      Representative Diedrich
Second by:      None
Action:      Died for a lack of a second

MOTION:      WITHOUT RECOMMENDATION AS AMENDED

Moved by:      Representative Davis
Second by:      Representative Barker
Action:      Prevailed by roll call vote.   (4-0-1-0)

Voting yes:      Matthews, Diedrich, Barker, Davis

Excused:      Jorgensen

MOTION:      ADJOURN

Moved by:      Representative Diedrich
Second by:      Representative Davis
Action:      Prevailed by voice vote.



Jean Smith

_________________________________

Committee Secretary
Dan Matthews, Chair


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