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s_fin_2017a_2017-02-02t10:37:14z2 Hearing Summary

Date: 02/02/2017

Location: SCR 357

Final

BILL SUMMARY for SB17-113



SENATE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Refer Senate Bill 17-113 to the Committee of the W PASS







12:02 PM -- SB17-113



Senator Neville, prime sponsor, presented Senate Bill 17-113, which places a cap on employers' total contribution rates to the Colorado Public Employees' Retirement Association (PERA). The cap for each division is equivalent to the 2018 calendar year rates under current law.



12:06 PM --
Walker Stapleton, State Treasurer, testified in support of the bill. Discussion ensued on the current caps on PERA employers' contribution rates.



12:15 PM --
Lynea Hansen, representing Secure PERA, testified in opposition to the bill. Discussion ensued on the changes made to PERA under Senate Bill 10-001 and other potential changes to the contribution rates made to PERA.



12:23 PM --
Joshua Sharf, representing the Independence Institute, testified in support of the bill. Mr. Sharf discussed PERA expenditure data for school districts (Attachment C). Committee discussion ensued.



17SenateFin0202AttachC.pdf17SenateFin0202AttachC.pdf



12:33 PM



Senator Neville wrapped up his presentation of the bill.

BILL: SB17-113
TIME: 12:41:49 PM
MOVED: Neville T.
MOTION: Refer Senate Bill 17-113 to the Committee of the Whole. The motion passed on a vote of 3-2.
SECONDED:
VOTE
Court
No
Kerr
No
Tate
Yes
Hill
Yes
Neville T.
Yes
Final YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS







12:42 PM



The committee adjourned.








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