76th Legislative Session _ 2001

Committee: Senate Retirement Laws
Tuesday, January 30, 2001

                                            P - Present
                                            E - Excused
                                            A - Absent

Roll Call
P    McCracken
P    McIntyre
P    Volesky
P    Diedrich (Larry), Vice-Chair
P    Albers, Chair

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.

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

47mb
     On page 1, line 11 of the printed bill, overstrike " 2.0% " and insert " 2.25% ".

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

47ma
     On page 3, after line 11 of the printed bill, insert:

"      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

47mta
     On page 1, line 2 of the printed bill, delete " and " and insert ",".

     On page 1 , line 3, after " system " insert ", and to request a plan to discontinue the Alternate A benefit calculation".

Moved by:    Volesky
Second by:    McIntyre
Action:    Prevailed by voice vote.


MOTION:     DO PASS SB 47 AS AMENDED

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

Voting Yes:    McCracken, McIntyre, Volesky, Albers

Voting No:    Diedrich (Larry)

          SB 48: revise the eligibility requirements under which certain members of the South Dakota Retirement System can retire without a reduction in benefits.

Presented By:    Al Asher, South Dakota Retirement System
Proponents:    Paul Schrader, South Dakota Retirement System
         Dean Hyde, A.A.R.P.
         Bob Stevens, South Dakota Education Association
         Ken Melius, State Employees Organization
         Christie Johnson, SD School Administrators
         Paul Aylward, SD Public Employees Union
        Linus Storms, Associated School Boards of SD

MOTION:     DO PASS SB 48

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

Voting Yes:    McCracken, McIntyre, Volesky, Albers

Voting No:    Diedrich (Larry)

         SB 49: provide a dividend account for members of the South Dakota Retirement System.

Presented By:    Al Asher, South Dakota Retirement
        
Proponents:    Paul Schrader, SD Retirement System
         Dean Hyde, AARP
         Ken Melius, SD State Employees Association
Opponents:    Elaine Roberts, SD Education Association
MOTION:     DO PASS SB 49

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

Voting Yes:    McCracken, Volesky, Diedrich (Larry), Albers

Voting No:    McIntyre

         SB 136: allow certain annual leave and sick leave accrued by state employees to be counted as credited service for the purpose or determining retirement benefits under certain circumstances.

MOTION:     DEFER SB 136 TO THE 41ST LEGISLATIVE DAY

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.

Ryan Olson

____________________________

Committee Secretary
Kenneth D. Albers, Chair

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