Status of Select Bills of Interest to the Fire Service

April 08, 2010

Bill Number:

SB10-021

Current Version of Bill:

Bill Title:

Concerning a Volunteer Firefighter Pension Plan.

Prime Sponsors:

Sen. Morse, Rep. Labuda

Summary:

Police Officers' and Firefighters' Pension Reform Commission. Makes the following changes to the "Volunteer Firefighter Pension Act":

·         Eliminates the exclusion of the reimbursement for lost wages from the definition of "compensation", as the term is used in the definition of "volunteer firefighter";

·         Permits retired fire department members, including those who have returned to active service, to serve on the board of trustees of a volunteer firefighter pension fund (fund);

·         Eliminates an investment restriction on a trustee of a fund; and

·         Eliminates the requirement that the board of trustees of a fund deliver a copy of a report on the condition of the fund to the board of directors of its fire protection district.

Position:

Support

Position Paper:

None

Status:

History

01/13/2010 Introduced In Senate - Assigned to Business, Labor and Technology

01/25/2010 Senate Committee on Business, Labor and Technology Refer Amended - Consent Calendar to Senate Committee of the Whole

01/28/2010 Senate Second Reading Passed

01/29/2010 Senate Third Reading Passed

02/01/2010 Introduced In House - Assigned to Business Affairs and Labor

02/10/2010 House Committee on Business Affairs and Labor Refer Unamended to House Committee of the Whole

02/17/2010 House Second Reading Passed
02/18/2010 House Third Reading Passed

03/10/2010 Governor Action - Signed

Additional

Information:

Bill Number:

SB10-022

Current Version of Bill:

Bill Title:

Concerning a Member-Approved Increase in the Member Contribution Rate to the Statewide Defined Benefit Plan Administered by the Fire and Police Pension Association.

Prime Sponsors:

Sen. Morse, Rep. Riesberg and King S.

Summary:

Police Officers' and Firefighters' Pension Reform Commission.  Permits the board of directors of the fire and police pension association to increase the member contribution rate for the statewide defined benefit plan if the increase:

·         Does not require an increase in the employer contribution rate or adversely affect the plan's status under federal law;

·         and

·         Is approved by a supermajority of active plan members and a majority of the employers.

Permits the board to eliminate the increase in the member contribution rate so long as the requirements for an increase are met.

Makes conforming amendments to ensure that the increase in the member contribution rate does not change other requirements related to the plan.

Position:

Monitor

Position Paper:

None

Status:

History

01/13/2010 Introduced In Senate - Assigned to Business, Labor and Technology

01/25/2010 Senate Committee on Business, Labor and Technology Refer Unamended - Consent Calendar to Senate Committee of the Whole

01/28/2010 Senate Second Reading Passed

01/29/2010 Senate Third Reading Passed

02/01/2010 Introduced In House - Assigned to Business Affairs and Labor

02/10/2010 House Committee on Business Affairs and Labor Refer Unamended to House Committee of the Whole

02/17/2010 House Second Reading Passed
02/18/2010 House Third Reading Passed

03/10/2010 Governor Action - Signed

Bill Number:

SB10-023

Current Version of Bill:

Bill Title:

Concerning the Discretion of the Board of Directors of the FPPA to Adopt Rules Regarding the Return to Work by a Member Participating in the Defined Benefit System of the Association Who Elects Retirement.

Prime Sponsors:

Sen. Williams, Rep. Riesberg and Liston

Summary:

Police Officers' and Firefighters' Pension Reform Commission.  Allows the board of directors of the fire and police pension association to adopt rules, in the board's discretion, suspending the distribution of benefits to any retired member participating in the defined benefit system who, after electing a retirement, has returned to work with an employer who also participates in the defined benefit system.

Allows the board of directors to adopt rules upon findings by the board that allow a member who has elected a retirement to continue to receive retirement benefits and earn additional benefits.

Position:

Monitor

Position Paper:

None

Status:

History

01/13/2010 Introduced In Senate - Assigned to Business, Labor and Technology

01/25/2010 Senate Committee on Business, Labor and Technology Refer Unamended - Consent Calendar to Senate Committee of the Whole

01/28/2010 Senate Second Reading Passed

01/29/2010 Senate Third Reading Passed

02/01/2010 Introduced In House - Assigned to Business Affairs and Labor

02/10/2010 House Committee on Business Affairs and Labor Refer Unamended to House Committee of the Whole

02/17/2010 House Second Reading Passed
02/18/2010 House Third Reading Passed

03/10/2010 Governor Action - Signed

Bill Number:

SB10-024

Current Version of Bill:

Bill Title:

Concerning the Repeal of the Authority of The Board of Directors of the FPPA to Affiliate with a Local Money Purchase Pension Plan.

Prime Sponsors:

Sen. Tochtrop, Rep. Labuda

Summary:

Police Officers' and Firefighters' Pension Reform Commission.  Repeals the authority of the board of directors of FPPA to enter into an agreement with an employer establishing a money purchase pension plan for the purpose of having the board administer the plan and manage the investment of the moneys of the plan. Eliminates a cash fund and audit requirement related to the affiliated plan.

Position:

Monitor

Position Paper:

None

Status:

History

01/13/2010 Introduced In Senate - Assigned to Business, Labor and Technology

01/25/2010 Senate Committee on Business, Labor and Technology Refer Unamended - Consent Calendar to Senate Committee of the Whole

01/28/2010 Senate Second Reading Passed

01/29/2010 Senate Third Reading Passed

02/01/2010 Introduced In House - Assigned to Business Affairs and Labor

02/10/2010 House Committee on Business Affairs and Labor Refer Unamended to House Committee of the Whole

02/17/2010 House Second Reading Passed
02/18/2010 House Third Reading Passed

03/10/2010 Governor Action - Signed

Additional

Information:

Currently there are no such affiliated local money purchase plans and FPPA does not anticipate any that will ever seek affiliation.