|
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 |
| 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.
|
|
01:23:40 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. |
