Retirement system board-compensation.

WORKING DRAFT
2007
STATE OF
WYOMING
07LSO-0501

HOUSE BILL
NO.
HB0173

Retirement system board-compensation.

Sponsored by:
Representative(s) Landon, McOmie and Slater and Senator(s) Job and Meier

A BILL

for

AN ACT relating to
administration of the government; increasing the compensation for the member of the Wyoming retirement board as specified; providing for applicability of the act;
and providing for an effective date.

Be It Enacted by the Legislature of the State of
Wyoming
:

Section 1.
W.S. 9
‑
3
‑
406(b) is amended to read:

9
‑
3
‑
406.

Retirement board; employment and compensation of director, consulting actuary and assistants; director designated secretary; compensation of members; quorum; seal.

(b)

The members of the board, other than the five (5) elector members shall serve without compensation but shall suffer no loss of wages for the time devoted to the duties of the board. The elector members of the board shall receive
fifty dollars ($50.00)

one hundred fifty dollars ($150.00)
per day for the time actually and necessarily devoted to the duties of the board. All members and employees of the board shall be reimbursed for their expenses incurred through service on the board at rates applicable to other state employees.

Section 2.
This act shall not be construed to authorize an increase in the compensation of any elector member of the board during the term of office being currently served for which he was appointed as prohibited by Wyoming constitution, article 3, section 32.

Section 3.
This act is effective immediately upon co
m
pletion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constit
u
tion.

(END)

1
HB0173