Monday, April 30, 2007

Senate Retirement Committee

Retirement Committee

Tuesday, May 1, 2007
1:30 P.M.
Senate Committee Room A

Among bills to be discussed

SB48 BOASSO RETIREMENT SYSTEMS Creates the Public Retirement Fund in the state treasury.

SB116 THEUNISSEN RETIREMENT SYSTEMS Authorizes the LASERS and Teachers' boards of trustees to grant a supplemental cost-of-living increase of 0.5%, beginning July 1, 2007, from their respective experience accounts for a maximum of 3.0%, which would otherwise be limited to 2.5%.

SB127 BOASSO RETIREMENT SYSTEMS Constitutional amendment to require increases in benefits for state retirement systems to also provide a funding source.

SB130 BOASSO RETIREMENT SYSTEMS Provides for additional payments to certain state retirement systems to reduce certain unfunded accrued liabilities and to provide funding for cost-of-living adjustments.