§ Â 8308B. State Employees Pension Benefits Review Committee.

(a) There is established the State Employees Pension Benefits Review Committee. The purpose of the Review Committee shall be to review the pension plan by using appropriate and accepted comparative analysis, including, but not limited to, the benefit structure of the various state pension systems for the purpose of evaluating current pension plan benefits and recommending changes.

(b) The State Employees Pension Benefits Review Committee shall be composed as follows:

(1) Chair and Vice Chair of the Legislative Joint Finance Committee.

(2) One member of the Senate appointed by the President Pro Tem.

(3) One member of the House of Representative appointed by the Speaker.

(4) Three members appointed by the Chair of the Board of Pension Trustees.

(5) One member of the Pension Advisory Council.

(6) Pension Administrator.

(7) Director of Office of Management and Budget.

(8) Controller General.

(c) The Office of Management and Budget, the Controller General’s Office, and the Pension Office shall provide the committee with staff support and such other resources as the committee may require.