Date: 02/23/2009

Final
BILL SUMMARY for HB09-1030

SENATE COMMITTEE ON BUSINESS, LABOR AND TECHNOLOGY

Votes: View--> Action Taken:
Moved to refer House Bill 09-1030 to the CommitteePASS



02:43 PM -- House Bill 09-1030

Senator Tochtrop presented House Bill 09-1030. The bill was recommended by the Police Officers' and Firefighters' Pension Reform Commission. It clarifies that old hire pension plans in Colorado must comply with the federal Internal Revenue Code. It eliminates specific statutory provisions intended to make the plans qualify under the code and grants the governing board of each affected entity the power to adopt any revisions necessary to comply. Senator Tochtrop explained the bill.

The following individual testified:

02:44 PM --
Kevin Lindahl, General Counsel for the Fire and Police Pension Association, testified in favor of the bill. He discussed the changes made by the bill.
BILL:HB09-1030
TIME: 02:46:32 PM
MOVED:Tochtrop
MOTION:Moved to refer House Bill 09-1030 to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a 7-0 roll call vote.
SECONDED:
VOTE
Foster
Yes
Harvey
Yes
Mitchell
Yes
Scheffel
Yes
Tochtrop
Yes
Heath
Yes
Veiga
Yes
Final YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS