BILL SUMMARY for SB09-157
SENATE COMMITTEE ON FINANCE
|Votes: View--> ||Action Taken: |
|Refer Senate Bill 09-157 to the Committee of the W||PASS|
04:12 PM -- Senate Bill 09-157
Senator Sandoval passed the gavel to Senator Hudak to chair the meeting.
Senator Sandoval, prime sponsor, presented Senate Bill 09-157. The bill specifies that certain employees of the University of Colorado will be members of the university's retirement plan, including the university president, chancellors, deans, some faculty, and other professionals exempt from the state personnel system. She provided background on the proposed legislation. Senator Sandoval responded to questions from the committee about why the bill does not have a fiscal impact. Discussion ensued about contributions to the Public Employees' Retirement Association (PERA).
The following person testified on the bill:
04:16 PM -- Mr. Jeremy Hueth, representing the University of Colorado, testified in support of the bill. He stated that university employees have the option to make a one-time choice about participation in PERA. This bill, he explained, clarifies the university's existing interpretation. He further explained that this issue impacts a small amount of employees, approximately one percent.
Senator Hudak closed public testimony.
|TIME: || 04:21:24 PM|
|MOTION:||Refer Senate Bill 09-157 to the Committee of the Whole, with a recommendation that it be placed on the consent calendar. The motion passed 6-0, with one excused. |
Final YES: 6 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS
The committee adjourned.