THE SENATE
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Senator Rosalyn H. Baker, Chair |
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Senator Shan S. Tsutsui, Vice Chair |
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DATE: |
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TIME: |
9:30 a.m. |
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PLACE: |
Conference Room 211 State Capitol 415 South Beretania Street |
DECISION MAKING ON THE FOLLOWING MEASURE(S):
(Deferred from Friday, March 30, 2007)
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HD2, SD2 |
RELATING TO TAX CREDITS. Establishes a tax credit for the revitalization of the leeward coast. Provides an income tax credit for affordable rental housing, educational and training facilities, and commercial projects constructed on the leeward coast of Oahu. Repeals the Ko Olina Resort and Marina and Makaha Resort tax credit. (SD2)
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TSG, EDT, WAM |
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HB 1292 HD1, SD1 |
RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM. Repeals provisions that allow: elective officers to exercise their option to join the ERS at any time during their term of office; and elective officers and judges to withdraw from ERS membership while remaining in office. Repeals the provisions that make ERS membership by elective officers optional and replaces those provisions with a new section that requires elective officers to exercise a one-time irrevocable option to join the ERS when they are elected for the first time (or, in the case of existing office holders, by February 1, 2008). Sets forth the circumstances under which retirants may return to service as elective officers without suspension of retirement benefits. Repeals the provision that allows elective officers and judges who have reached the statutory cap on retirement benefits to withdraw from ERS membership by nominally retiring even though they remain in office. (HB1292 HD1 SD1)
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JDL, WAM |
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No testimony will be accepted.
FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 808-586-6800.