Senate Retirement Laws Minutes 02/08/2001 3:00 PM

76^th Legislative Session _ 2001

Committee: Senate Retirement Laws

Thursday, February 08, 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

MOTION:     TO APPROVE THE MINUTES OF THE PREVIOUS MEETING.

Moved by:    McCracken
Second by:    Diedrich (Larry)
Action:    Prevailed by voice vote.

         SB 251: provide benefit improvements for the members of the South Dakota Retirement System.

Presented By:    Senator deHueck
Proponents:    Lona Lewis, South Dakota Education Association
         Elaine Roberts, South Dakota Education Association
         Dean Hyde, American Association of Retired Persons
         Paul Aylward, AFL-CIO
Opponents:    Al Asher, SD Retirement System
         Matt Clark, SD Investment Council
         Linus Storm, Associated School Boards of SD
         Paul Schrader, SD Retirement System

MOTION:     AMEND SB 251

On page 2, line 12 of the printed bill, delete " ~~3.333%~~ 3.383% " and insert "3.333%".

Moved by:    Diedrich (Larry)
Second by:    Volesky
Action:    Prevailed by voice vote.

MOTION:     DO PASS SB 251 AS AMENDED

Moved by:    McIntyre
Second by:    Volesky
Action:    Was not acted on.

MOTION:     SUBSTITUTE MOTION DEFER SB 251 TO THE 41^ST LEGISLATIVE DAY

Moved by:    Diedrich (Larry)
Second by:    McCracken
Action:    Prevailed by roll call vote.(3-2-0-0)

Voting Yes:    McCracken, Diedrich (Larry), Albers

Voting No:    McIntyre, Volesky

MOTION:     ADJOURN

Moved by:    Diedrich (Larry)
Second by:    Volesky
Action:    Prevailed by voice vote.

____________________________

Committee Secretary

Kenneth D.Albers, Chair

../02081500.SRE