Location: SCR 357
Final
BILL SUMMARY for SB17-113
SENATE COMMITTEE ON FINANCE
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.
12:33 PM
Senator Neville wrapped up his presentation of the bill.
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| 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: | |
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VOTE |
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Court |
No |
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Kerr |
No |
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Tate |
Yes |
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Hill |
Yes |
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Neville T. |
Yes |
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Final YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS
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12:42 PM
The committee adjourned.