Date: 04/26/2006

Final
BILL SUMMARY for SB06-162

SENATE COMMITTEE ON STATE, VETERANS & MILITARY AFFAIRS

Votes: View--> Action Taken:
Moved amendment L.001 (Attachment I). The motion
Moved to postpone Senate Bill 06-162 indefinitely.
Moved to refer Senate Bill 06-162 to the Committee		FAIL
PASS
FAIL



07:38 PM -- Senate Bill 06-162

 Senator Owen, prime sponsor, reviewed the provisions of Senate Bill 06-162, concerning retirement benefit plans for public employees. He distributed amendment L.001, a strike below the enacting clause amendment (Attachment F). He spoke about the changes to the board membership and the voluntary extension of the defined contribution plan to other divisions under PERA.

07:48 PM

The committee discussed defined contribution plans. Senator Owen expressed concerns with the expansion of the PERA board. Senator May asked about the fiscal note, and Senator Owen responded that the fiscal note is for the original bill, not the bill as amended.

07:55 PM -- State Treasurer Mike Coffman testified in support of the bill. He spoke to his work increasing the visibility of the PERA problem. He spoke about defined benefit plans and defined contribution plans.

08:03 PM -- Christine Burtt, representing Americans for Prosperity, testified for the bill. She spoke to the composition of the PERA board.

08:06 PM -- Miller Hudson, representing the Colorado Association of Public Employees, testified in opposition to the bill. He distributed a handout (Attachment J).

08:13 PM -- Jo Romero, representing Colorado Coalition for Retirement Security, testified in opposition to the bill.

BILL:SB06-162
TIME: 08:18:03 PM
MOVED:May R.
MOTION:Moved amendment L.001 (Attachment I). The motion failed on a 1-4 roll call vote.
SECONDED:
VOTE
Fitz-Gerald
No
Johnson
Excused
Lamborn
Excused
May R.
Yes
Windels
No
Groff
No
Tupa
No
Not Final YES: 1 NO: 4 EXC: 2 ABS: 0 FINAL ACTION: FAIL


BILL:SB06-162
TIME: 08:19:34 PM
MOVED:May R.
MOTION:Moved to refer Senate Bill 06-162 to the Committee on Appropriations. The motion failed on a 1-4 roll call vote.
SECONDED:
VOTE
Fitz-Gerald
No
Johnson
Excused
Lamborn
Excused
May R.
Yes
Windels
No
Groff
No
Tupa
No
Not Final YES: 1 NO: 4 EXC: 2 ABS: 0 FINAL ACTION: FAIL


BILL:SB06-162
TIME: 08:20:12 PM
MOVED:Groff
MOTION:Moved to postpone Senate Bill 06-162 indefinitely. The motion passed on a 4-1 roll call vote.
SECONDED:
VOTE
Fitz-Gerald
Yes
Johnson
Excused
Lamborn
Excused
May R.
No
Windels
Yes
Groff
Yes
Tupa
Yes
Final YES: 4 NO: 1 EXC: 2 ABS: 0 FINAL ACTION: PASS




08:20 PM

The committee recessed.