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I_PensionRevew_2021A 10/26/2021 01:02:42 PM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
INTERIM 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
Approval 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.






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