I_PensionRevew_2021A 10/26/2021 01:02:42 PM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGINTERIM COMMITTEE PENSION REVIEW COMMISSION Date 10/26/2021 Attendance Exum X Garcia X Hisey * Kolker X Priola X Sandridge X Sirota X Van Winkle X Bridges X Bird X Time 01:02:42 PM to 02:08:37 PM Place HCR 0112 This Meeting was called to order by Bird This Report was prepared by Anne Wallace Hearing Items Action Taken hApproval of Bill Drafts Committee Discussion Only Approval of Bill Drafts - Committee Discussion Only 01:03:04 PM Representative Bird summarized Pension Review Commission Bill 1, Statewide Retirement Plan, and Bill 2, Statewide Death and Disability Plan Funding, for the committee. Bill drafts and fiscal notes may be accessed here: http://leg.colorado.gov/content/ipensionrevew2021acommdocs. Bill 1 merges two Fire and Police Pension Association (FPPA) state retirement plans and Bill 2 requires the transfer of General Funds to the FPPA for death and disability benefits. 01:07:58 PM Kevin Lindahl, FPPA, and Chip Weule, FPPA, presented to the committee regarding Bill 1 and Bill 2. A copy of the presentation may be accessed here: http://leg.colorado.gov/sites/default/files/images/fppa_-_oct_26_prc_presentation_final.pdf. The FPPA representatives responded to committee questions. 01:23:40 PM Representative Bird and Senator Priola summarized Bill 3, Compensatory Direct Distribution to PERA, for the committee. Bill 3 restores a direct distribution payment to the Public Employees' Retirement Association (PERA) that was suspended in 2020. Representative Bird and Senator Priola responded to committee questions. Erin Reynolds, Legislative Council Staff, responded to committee questions. 02:00:42 PM Motion Move that Bill 1 be forwarded to Legislative Council. Moved Bridges Seconded Sandridge Exum Yes Garcia Yes Hisey Yes Kolker Yes Priola Yes Sandridge Yes Sirota Yes Van Winkle Yes Bridges Yes Bird Yes YES: 10 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS 02:00:45 PM Representative Bird, President Garcia, Representative Sandridge, and Senator Priola were assigned as prime sponsors of Bill 1. 02:03:04 PM Motion Move that Bill 2 be forwarded to Legislative Council. Moved Sirota Seconded Van Winkle Exum Yes Garcia Yes Hisey Yes Kolker Yes Priola Yes Sandridge Yes Sirota Yes Van Winkle Yes Bridges Yes Bird Yes YES: 10 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS 02:03:07 PM Representatives Bird and Van Winkle, President Garcia, and Senator Hisey were assigned as prime sponsors on Bill 2. 02:03:08 PM The committee discussed Pension Review Commission Bill 3. 02:06:40 PM Motion Move that Bill 3 be forwarded to Legislative Council. Moved Kolker Seconded Bridges Exum Yes Garcia Yes Hisey Yes Kolker Yes Priola Yes Sandridge Yes Sirota Yes Van Winkle Yes Bridges Yes Bird Yes YES: 10 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS 02:06:43 PM Representatives Bird and Sandridge and Senators Priola and Kolker were assigned as prime sponsors of Bill 3. 02:08:37 PM The committee adjourned.
