Hospitals-participation in state retirement.

WORKING DRAFT
2007
STATE OF WYOMING
07LSO-0689

HOUSE BILL
NO.
HB0323

Hospitals-participation in state retirement.

Sponsored by:
Representative(s) Edwards

A BILL

for

AN ACT relating to
the Wyoming retirement system; allowing county and special hospitals to participate in the retirement system; prohibiting participation in multiple retirement programs as specified; amending a definition; conditioning implementation upon receipt of required payments; providing for funding;
and providing for an effective date.

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

Section 1.
W.S. 9
‑
3
‑
402(a)(vi)(B) and 9
‑
3
‑
427 are amended to read:

9
‑
3
‑
402.

Definitions.

(a)

As used in this article:

(vi)

"Employer" or "participating employer" means:

(B)

Any county,
except
county memorial
hospitals
or
hospital,
special hospital
districts

district
, city or town or legally constituted department designated to the board by the appropriate governing body as an employer under this article;

9
‑
3
‑
427.

Other retirement plans prohibited.

The establishment of any annuity plan, limited service plan, pension or retirement system other than that provided by this article by any department, board, bureau or agency of the state or by any political subdivision of the state is prohibited, except this prohibition does not apply to the Wyoming state highway patrol, game and fish warden and criminal investigator retirement program.
Any county memorial hospital or special hospital district that elects to participate in the state retirement system shall not otherwise participate in any other retirement system.

Section 2.
W.S. 9
‑
3
‑
402(a)(vii)(F)(III) is repealed.

Section 3.

(a)

Coverage of county hospital or special hospital district employees as authorized under section 1 of this act shall not be implemented by the Wyoming retirement board until funds payable to the Wyoming retirement system are received for deposit into the retirement account, as necessary for maintaining the actuarial integrity of the account and funding all liability arising under this act, for years of service prior to the date of entry or expansion of coverage.

(b)

Prior to January 1, 2008, any county memorial hospital or special hospital district shall elect to participate in either the retirement plan offered by the institution or the
Wyoming
retirement system. Each hospital shall, prior to January 1, 2008, provide written notice to the
Wyoming
retirement board of its election under this subsection.

Section
4
.
Th
is act is effective July 1, 2007
.

(END)

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HB0323