Retirement income security task force-2.
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Official record
Bill Summary Bill No.: SF0116 Effective : Immediately LSO No.: 18LSO-0507 Enrolled Act No.: SEA No. 0062 Chapter No.: 132 Prime Sponsor: Anderson Catch Title: Retirement income security task force-2. Subject: Retirement income security task force. Summary/Major Elements: This act creates a Retirement Income Security Task Force to study retirement preparedness and retire ment investments in Wyoming. This act specifies task-force membership, requires the State Retirement System to staff the task force, and requires a report from t he task force. Specifically, this act: Requires the task force to study and make recommendations on the preparedness of Wyoming residents to retire with financial security , including the options for private-sector employees to participate in a retirement program; the number of employees in the state not participating in an emp loyer-sponsored retirement plan; and other programs that may help increase the percentage of financially secure retirees in the state. Comments: This act creates the Retirement Income Security Task Force, which includes two legislative members. This act requires the task force to report its findings and recommendations to the Joint Labor, Health and Social Services Interim Committee by December 1, 2018. Th is act appropriates $7,000 to the Legislative Service Office for funding legislator expenses ass ociated with the task force. This act appropriates $13,000 to the State Retirement System to fund other members' expenses associated with the task force. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill .
Public statements
Last checked Aug 6, 4:46 PM
R · S28
Why they voted this way
The lawmaker supports not overriding the veto because they believe removing gubernatorial appointment power for task force members is a positive change that should have been caught earlier.
R · S28
Why they voted this way
The lawmaker argues that removing specific members like the endow member and AARP representative causes no harm because they represent retired people anyway.
H12
Why they voted this way
The lawmaker removed the endowed chairman from the task force list because the Department of Health bears the financial burden for these issues and should have a seat at the table.
Why they voted this way
The lawmaker deleted provisions regarding state-run retirement programs to remove any discussion of establishing such a program while keeping the task force's study functions.
Why they voted this way
The lawmaker supports the amendment because it removes references to predetermined outcomes or specific future actions from the bill.
Why they voted this way
The lawmaker supports reducing the appropriation amount because there was no satisfactory justification for how long the original funding would last.
R · S28
Why they voted this way
The lawmaker supports the bill because a study found many households lack retirement savings and half of workers have no workplace plan. The task force will explore solutions to encourage saving and help small businesses offer options.
Wyoming roll calls
8 roll calls
Official activity
Changes
8 stored
Adopted 3rd reading by Lone
Adopted 3rd reading by Greear
Adopted 3rd reading by Burkhart
Withdrawn 3rd reading by Burkhart
Adopted 3rd reading by Hastert
Adopted Committee of the Whole by Landen
Adopted Standing Committee by SAppropriations
Filed Veto Override