5-5-228. State administration and
veterans' affairs interim committee. (1) The state administration and veterans' affairs
interim committee has administrative rule review, draft legislation review, program evaluation,
and monitoring functions for the public employee retirement plans and for the following
executive branch agencies and the entities attached to the agencies for administrative purposes:
(a) department of administration;
(b) department of military affairs; and
(c) office of the secretary of state.
(2) The committee shall:
(a) consider the actuarial and fiscal soundness
of the state's public employee retirement systems, based on reports from the teachers' retirement
board, the public employees' retirement board, and the board of investments, and study and
evaluate the equity and benefit structure of the state's public employee retirement systems;
(b) establish principles of sound fiscal and
public policy as guidelines;
(c) as necessary, develop legislation to keep the
retirement systems consistent with sound policy principles;
(d) solicit and review proposed statutory
changes to any of the state's public employee retirement systems;
(e) report to the legislature on each legislative
proposal reviewed by the committee. The report must include but is not limited to:
(i) a summary of the fiscal implications of the
proposal;
(ii) an analysis of the effect that the proposal
may have on other public employee retirement systems;
(iii) an analysis of the soundness of the proposal
as a matter of public policy;
(iv) any amendments proposed by the
committee; and
(v) the committee's recommendation on
whether the proposal should be enacted by the legislature.
(f) attach the committee's report to any
proposal that the committee considered and that is or has been introduced as a bill during a
legislative session; and
(g) publish, for legislators' use, information on
the state's public employee retirement systems.
(3) The committee may:
(a) specify the date by which proposals
affecting a retirement system must be submitted to the committee for the review contemplated
under subsection (2)(d); and
(b) request personnel from state agencies,
including boards, political subdivisions, and the state public employee retirement systems, to
furnish any information and render any assistance that the committee may request.
History: En. Sec. 30, Ch. 19, L. 1999; amd. Sec. 15, Ch. 210, L. 2001; amd. Sec. 1, Ch. 2, Sp. L. December 2005.