POLICE OFFICERS' AND FIREFIGHTERS' PENSION REFORM COMMISSION
|Votes: View--> ||Action Taken: |
|Moved that Bill 3 be recommended for introduction.||Pass Without Objection|
09:20 AM -- Bill 3
Kevin Lindahl, General Counsel, FPPA, presented Bill 3 (Attachment C), concerning the return to work of FPPA members participating in the FPPA defined benefit system. He said that the bill will authorize the FPPA Board of Directors to adopt rules to suspend the pension benefits of a member who participates in the defined benefit system, separates from service, elects a retirement, and subsequently returns to work with a defined benefit system employer. The bill will allow the board to adopt rules allowing a member who has reached normal retirement age, separated from service, elected a retirement benefit under the defined benefit system, and subsequently returns to work to continue receiving a distribution of benefits and earn additional retirement benefits in an alternative money purchase plan. Mr. Lindahl noted that the board typically adopts rules on an annual basis. He commented on the board's rule-making process. He commented on options that will be available to members under the proposed legislation. Representative Labuda expressed concern with the potential for "double-dipping" under the bill. Mr. Lindahl commented on the situations of FPPA retirees who would be affected by the bill. He noted that the bill addresses persons who have met the qualifications for an FPPA retirement benefit and later choose to re-enter the work force. He said that the board does not recognize this situation as "double-dipping."
|BILL:||Bill 3 |
|TIME: || 09:35:37 AM|
|MOTION:||Moved that Bill 3 be recommended for introduction. The motion passed without objection.|
Final YES: 8 NO: 0 EXC: 7 ABS: 0 FINAL ACTION: Pass Without Objection
Representative Benefield said that Bill 3 will be introduced in the Senate and that Senator Williams will serve as the primary sponsor in the Senate. She said that Representatives Reiesberg and Liston will serve as co-prime sponsors in the House, and that all members present will serve as co-sponsors for Bill 3.