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Bill would move state actuary appointment duties to Pension Funding Council from separate appointment committee
Summary
Senate Bill 5168 transfers the appointment, removal and salary‑setting duties for the state actuary from the State Actuary Appointment Committee to the Pension Funding Council; staff said the measure is a ribboning technical change and carries no cost.
Senate Bill 5168 would transfer authority for appointing, removing and setting the salary of the state actuary from the State Actuary Appointment Committee to the Pension Funding Council. The current appointment committee (created in 2003) includes legislative leaders and appointees from the Select Committee on Pension Policy; SB 5168 would dissolve the separate appointment committee and direct the Pension Funding Council to assume the duties. The Select Committee on Pension Policy would retain the ability to make recommendations to the Pension Funding Council.
Amanda Cecil briefed members that the bill is intended as a technical/administrative change and carries no fiscal cost, and no one testified against the ribboning bill in committee.
Ending: The committee recorded the brief and took no public testimony opposing the ribboning change; the bill remained in committee for further consideration.
