Date: 04/29/2015

Final
BILL SUMMARY for HB15-1251

SENATE COMMITTEE ON STATE, VETERANS, & MILITARY AFFAIRS

Votes: View--> Action Taken:
Postpone House Bill 15-1251 indefinitely using a r
Refer House Bill 15-1251 to the Committee on Finan		PASS
FAIL



04:01 PM -- HB15-1251

Senator Kerr, sponsor, presented House Bill 15-1251 to the committee. The bill reduces the Denver Public Schools (DPS) Retirement Division employer contribution to the Public Employees' Retirement Association (PERA) from 13.75 percent to 10.15 percent, effective January 1, 2015. The rate may be adjusted on January 1, 2020, and every fifth year thereafter.

Senator Kerr explained that Senate Bill 09-282 merged the liabilities of the Denver Public Schools Retirement System (DPRS) into PERA, and he discussed the merger and the need for the bill.

04:05 PM -- Nora Flood, representing the Colorado League of Charter Schools, testified in support of the bill. She explained that current law puts DPS on an unlevel playing field, and that the bill would free up funds for DPS.

04:08 PM -- Tom Boasberg, Superintendent of DPS, testified in support of the bill. He discussed the provisions of the DPSRS-PERA merger. He explained that the bill will reduce the funded ratio of PERA's DPS division but that this was foreseen in the merger. He stated that the bill would allow DPS equitable treatment relative to other school districts.

Senator Sonnenberg and Mr. Boasberg discussed DPS contributions to PERA.


04:16 PM

Senator Kerr wrapped up his presentation of the bill.
BILL:HB15-1251
TIME: 04:19:15 PM
MOVED:Jones
MOTION:Refer House Bill 15-1251 to the Committee on Finance. The motion failed on a vote of 2-3.
SECONDED:
VOTE
Hill
No
Jones
Yes
Ulibarri
Yes
Sonnenberg
No
Scott
No
YES: 2 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: FAIL


BILL:HB15-1251
TIME: 04:19:42 PM
MOVED:Sonnenberg
MOTION:Postpone House Bill 15-1251 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. The motion passed on a vote of 3-2.
SECONDED:
VOTE
Hill
Yes
Jones
No
Ulibarri
No
Sonnenberg
Yes
Scott
Yes
Final YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS