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S_FIN_2025A 02/11/2025 02:02:04 PM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
SENATE COMMITTEE ON FINANCE
Date 02/11/2025
Attendance
Bright *
Frizell X
Gonzales J. X
Kolker X
Mullica *
Simpson X
Snyder X
Marchman *
Kipp X
Time 02:02:04 PM to 02:15:27 PM
Place SCR 357
This Meeting was called to order by Kipp
This Report was prepared by Katie Ruedebusch
Hearing Items Action Taken
SB25-028 Amended, referred to the Committee of the Whole - Consent Calendar

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

02:02:17 PM  
Sen. Kolker introduced
Senate Bill 25-028. The bill requires the Public Employees’ 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


02:15:27 PM   The committee adjourned.






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