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Senate Finance advances bill to align PERA data collection with actuarial audits
Summary
The Senate Finance Committee unanimously advanced Senate Bill 28, sponsored by Senator Kolker, to the Committee of the Whole after adopting two amendments that remove a state auditor layer and align the Pension Review Subcommittee—s review timing with PERA—s actuarial audits.
Senate Bill 28, an interim measure from the Pension Review Subcommittee, advanced from the Senate Finance Committee on unanimous voice vote after two amendments that remove an added state-auditor role and align the committee—s review timing with the Public Employees' Retirement Association's actuarial audit.
Senator Kolker, the bill sponsor, said, "This, bill is a very simple bill, my first bill of the year, so please be kind to me. This is an interim bill from, sub from the pair excuse me, the pension review commission. And the original intent of this bill is to line up the data gathering, that PERA does with the audit that the sub the commission does." The committee adopted two technical amendments, L001 and L002, before approving the…
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