DCAED7977E39264A87258C2E00738FE0 Hearing Summary

PUBLIC
BILL SUMMARY For SB25-028

SENATE COMMITTEE ON FINANCE
Date Feb 11, 2025
Location SCR 357

SB25-028 - Amended, referred to the Committee of the Whole - Consent Calendar

Attachment Tag

File Name

Attachment A

Attachment A.pdf

Attachment B

Attachment B.pdf

Attachment C

Attachment C.pdf

02:02:17 PM

Sen. Kolker introduced
Senate Bill 25-028. The bill requires the Public Employeesâ Retirement
Association (PERA) to conduct its actuarial experience study and periodical
actuarial audit on a four-year schedule. Pension Review Subcommittee must
commission an ongoing independent review of the periodic actuarial audit
conducted by PERA in the preceding year. Sen. Kolker distributed a fiscal
note memorandum to the committee (Attachment A).

02:04:14 PM

Mr. Andrew Roth,
representing PERA, was available to answer committee questions. Erin Reynolds
and Katie Ruedebusch, Legislative Council Staff, answered questions about
the proper routing of the bill.

02:06:36 PM	Motion	Adopt amendment L.001 (Attachment B)
	Moved	Kolker
	Seconded

	Bright	Excused
	Frizell
	Gonzales J.
	Kolker
	Mullica
	Simpson
	Snyder
	Marchman	Excused
	Kipp
		YES: 0 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: Pass Without Objection

02:15:17 PM	Motion	Refer Senate Bill 25-028, as amended, to the Committee of the Whole and with a recommendation that it be placed on the consent calendar.
	Moved	Kolker
	Seconded

	Bright	Yes
	Frizell	Yes
	Gonzales J.	Yes
	Kolker	Yes
	Mullica	Yes
	Simpson	Yes
	Snyder	Yes
	Marchman	Yes
	Kipp	Yes
	Final	YES: 9 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS

SB25-028 - Amended, referred to the Committee of the Whole - Consent Calendar

Colorado General Assembly