THE SENATE
                THE TWENTIETH LEGISLATURE
                 REGULAR SESSION OF 1999

    MEASURES DEFERRED TO WEDNESDAY, FEBRUARY 17, 1999

      COMMITTEE ON COMMERCE AND CONSUMER PROTECTION
                        9:00 a.m.
                   Conference Room 016

         DECISION MAKING ON THE FOLLOWING BILLS
            (Deferred from February 3, 1999)

SB 834        RELATING TO EMPLOYEES RETIREMENT SYSTEM              CPN, WAM
           Amends ERS pensioners  bonus formula by calculating
           post   retirement   allowances   using   compounded
           interest rather than simple interest.

SB 39         RELATING TO THE EMPLOYEES RETIREMENT SYSTEM          CPN, WAM
           Allows qualified  contributory  members  of the ERS
           who  have  not  already  purchased  their  military
           service credit to receive a 1-1/4% per year service
           credit for up to 4 years at no cost.

SB 746        RELATING TO THE EMPLOYEES RETIREMENT SYSTEM          CPN, WAM
           Allows county  department  and  state  agency heads
           class A membership status  in the retirement system
           as their state counterparts.

SB 950        RELATING TO THE EMPLOYEES RETIREMENT SYSTEM          CPN, WAM
           Allows any class C member of the ERS who elected to
           become  a  class  C  member  to  re-enter  class  A
           membership as of 1/1/00 provided the member returns
           all retirement  and  post-retirement contributions,
           including interest, refunded  after the election to
           convert to class C  membership, notify the board in
           writing  by   12/1/99,   and   satisfy   all  other
           requirements for class  A  membership.  Also allows
           any class  A  member  to  elect  to  enter  class C
           membership.

SB 1296       RELATING TO COMPOSITION OF THE BOARD OF THE          CPN, WAM
           EMPLOYEES RETIREMENT SYSTEM
           To increase the Board membership from eight to nine
           members to include a fourth citizen trustee.

SB 204        RELATING TO THE EMPLOYEES RETIREMENT SYSTEM          CPN, WAM
           Requires   the   investment   of   ERS   funds   in
           economically-targeted  investment  venture  capital
           enterprises, subject to minimum and maximum limits.

                   No testimony will be accepted.

For further information, please call the committee clerk at 586-6830.