P - Present
Roll Call
OTHERS PRESENT: See Original Minutes
The meeting was called to order by Chair Albers
**A presentation was given by Al Asher, SD Retirement System, and Paul Schrader, Buck
Consultants
SB 47: provide benefit improvements for certain members of the South Dakota
Retirement System and to revise the provisions for the purchase of uncredited service
by members of the system.
E - Excused
A - Absent
P McCracken
P McIntyre
P Volesky
P Diedrich (Larry), Vice-Chair
P Albers, Chair
Presented By: Al Asher, South Dakota Retirement System
Proponents: Paul Schrader, South Dakota Retirement System
Dean Hyde, American Association of Retired Persons
Ken Melius, South Dakota State Employees Association
Elaine Roberts, South Dakota Education Association
Lona Lewis, South Dakota Education Association
Opponents: Bob Sahr, Bureau of Personell
Larry Kucker, Bureau of Personell
Christie Johnson, School Administrators of South Dakota
Senator Michels
MOTION:
AMEND SB 47
Moved by: McCracken
Second by: Volesky
Action: Prevailed by roll call vote.(4-1-0-0)
Voting Yes: McCracken, McIntyre, Volesky, Albers
Voting No: Diedrich (Larry)
MOTION:
AMEND SB 47
"
Section 5. The South Dakota Retirement System shall report to the 2002 Legislature a plan to
raise the benefit multiplier to a level which eliminates the need for the Alternate A formula by July 1,
2004.".
Moved by: McIntyre
Second by: Volesky
Action: Prevailed by roll call vote.(3-2-0-0)
Voting Yes: McCracken, McIntyre, Volesky
Voting No: Diedrich (Larry), Albers
MOTION:
TO AMEND TITLE OF SB 47
Moved by: Volesky
Second by: McIntyre
Action: Prevailed by voice vote.
MOTION:
DEFER SB 136 TO THE 41ST LEGISLATIVE DAY
Ryan Olson
Moved by: Diedrich (Larry)
Second by: McCracken
Action: Prevailed by roll call vote.(5-0-0-0)
Voting Yes: McCracken, McIntyre, Volesky, Diedrich (Larry), Albers
MOTION:
ADJOURN
Moved by: Diedrich (Larry)
Second by: McCracken
Action: Prevailed by voice vote.
Committee Secretary
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