CLICS/CLICS2025A/commsumm.nsf
PUBLIC
BILL SUMMARY For SB25-028
SENATE COMMITTEE ON FINANCE
Date Feb 11, 2025
Location SCR 357
SB25-028 - Amended, referred to the Committee of the Whole - Consent Calendar
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| Attachment Tag |
File Name |
| Attachment A |
https://www2.leg.state.co.us/CLICS/CLICS2025A/commsumm.nsf/0/5769E72AA726989987258C3100583808/$File/Attachment A.pdf?OpenElement
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| Attachment B |
https://www2.leg.state.co.us/CLICS/CLICS2025A/commsumm.nsf/0/DF06E54169DF8BF087258C3100583DC4/$File/Attachment B.pdf?OpenElement
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| Attachment C |
https://www2.leg.state.co.us/CLICS/CLICS2025A/commsumm.nsf/0/3D16F22C9C4DAB3B87258C310058422C/$File/Attachment C.pdf?OpenElement
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02:02:17 PM |
Sen. Kolker introduced
Senate Bill 25-028. The bill requires the Public Employeesâ Retirement
Association (PERA) to conduct its actuarial experience study and periodical
actuarial audit on a four-year schedule. Pension Review Subcommittee must
commission an ongoing independent review of the periodic actuarial audit
conducted by PERA in the preceding year. Sen. Kolker distributed a fiscal
note memorandum to the committee (Attachment A).
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02:04:14 PM |
Mr. Andrew Roth,
representing PERA, was available to answer committee questions. Erin Reynolds
and Katie Ruedebusch, Legislative Council Staff, answered questions about
the proper routing of the bill. |
02:06:36 PM
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Motion |
Adopt amendment L.001 (Attachment B) |
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| Moved |
Kolker |
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| Seconded |
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Bright |
Excused |
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Frizell |
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Gonzales J. |
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Kolker |
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Mullica |
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Simpson |
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Snyder |
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Marchman |
Excused |
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Kipp |
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YES: 0 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: Pass Without Objection
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02:07:25 PM
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Motion |
Adopt amendment L.002 (Attachment C) |
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| Moved |
Kolker |
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| Seconded |
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Bright |
Excused |
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Frizell |
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Gonzales J. |
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Kolker |
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Mullica |
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Simpson |
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Snyder |
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Marchman |
Excused |
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Kipp |
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YES: 0 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: Pass Without Objection
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02:15:17 PM
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Motion |
Refer Senate Bill 25-028, as amended, to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. |
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| Moved |
Kolker |
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| Seconded |
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Bright |
Yes |
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Frizell |
Yes |
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Gonzales J. |
Yes |
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Kolker |
Yes |
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Mullica |
Yes |
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Simpson |
Yes |
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Snyder |
Yes |
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Marchman |
Yes |
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Kipp |
Yes |
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Final |
YES: 9 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS
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