s_fin_2017a_2017-01-24t14:03:33z1 Hearing Summary

Date: 01/24/2017

Location: SCR 357

02:07 PM -- SB17-020



Senator Cooke, prime sponsor, presented Senate Bill 17-020, which was recommended by the Police Officers' and Firefighters' Pension Reform Commission. The bill establishes a uniform standard for approving modifications to the statewide defined benefits plan administered by the FPPA. Employers who participate in plans administered by FPPA, and who wish to modify their status in the plan, must conduct an election and obtain the approval of 65 percent of those employees who vote in that election. Under current law, some employers need to obtain approval of 65 percent of all their employees. This bill creates a uniformly lower standard for approving plan modifications.



02:08 PM -- Kevin Lindahl, representing FPPA, testified in support of the bill. Committee discussion ensued on the existing 65 percent voting threshold required to modify the status of a plan administered by FPPA.