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s_fin_2017a_2017-04-27t10:35:42z2 Hearing Summary

Date: 04/27/2017

Location: SCR 357

Final

BILL SUMMARY for HB17-1265



SENATE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Refer House Bill 17-1265 to the Committee on Appro PASS







10:54 AM -- HB17-1265



Senators Kerr and Priola, co-prime sponsors, presented House Bill 17-1265, which makes adjustments to the Judicial Division's contribution rates to the Colorado Public Employees' Retirement Association's (PERA's) Amortization Equalization Disbursement (AED), currently set at 2.20 percent, and Supplemental Amortization Equalization Disbursement (SAED), currently set at 1.50 percent. Senators Kerr and Priola responded to committee questions.



11:12 AM --
David Kribs, representing the Judicial Department, testified in support of the bill. Mr. Kribs responded to committee questions.



11:16 AM --
Lynea Hansen, representing Secure PERA, testified in support of the bill. Ms. Hansen responded to committee questions.



11:23 AM --
Greg Smith, Executive Director, PERA, testified in support of the bill. Mr. Smith responded to committee questions.





11:45 AM



Senators Kerr and Gardner wrapped up their presentation of House Bill 17-1265. The committee discussed the merits of the bill.

BILL: HB17-1265
TIME: 11:47:58 AM
MOVED: Hill
MOTION: Refer House Bill 17-1265 to the Committee on Appropriations. The motion passed on a vote of 4-1.
SECONDED:
VOTE
Court
Yes
Kagan
Yes
Tate
Yes
Hill
Yes
Neville T.
No
Final YES: 4 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS














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