History: En. Sec. 5, Ch. 549, L. 1993; amd. Sec. 1, Ch. 552, L. 1995.
5-21-105.
(a) consider the fiscal soundness of the state's public employee retirement systems, based on reports from the teachers' retirement board and the public employees' retirement board, and study and evaluate the equity and benefit structure of the state's public employee retirement systems;
(b) establish principles of sound fiscal and public policy as guidelines;
(c) as necessary, develop legislation to keep the retirement systems consistent with sound policy principles;
(d) solicit and review proposed statutory changes to any of the state's public employee retirement systems;
(e) report to the legislature on each legislative proposal reviewed by the committee. The report must include but is not limited to:
(i) a summary of the fiscal implications of the proposal;
(ii) an analysis of the effect that the proposal may have on other public employee retirement systems;
(iii) an analysis of the soundness of the proposal as a matter of public policy;
(iv) any amendments proposed by the committee; and
(v) the committee's recommendation on whether the proposal should be enacted by the legislature.
(f) attach the committee's report to any proposal that the committee considered and that is or has been introduced as a bill during a legislative session; and
(g) publish, for legislators' use, an information book on the state's public employee retirement systems.
(2) The committee may specify in its study plan, which may be adopted and amended by a majority vote of committee members, the date by which proposals affecting a retirement system must be submitted to the committee. 
