STAND. COM. REP. NO. 828________

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.B. No. 98
                                     H.D. 1




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 98
entitled: 

     "A BILL FOR AN ACT RELATING TO PENSIONERS' BONUS,"

begs leave to report as follows:

     The purpose of this bill is to help retirees living on fixed
incomes cope with the rising cost of living in Hawaii by
extending the Employees' Retirement System (ERS) pensioners'
bonus from July 1, 1999, to July 1, 2001.

     The Hawaii State Teachers Association (HSTA), the HSTA-
Retired Organization, the Coalition of Hawaii State/Counties
Retirees, the Oahu Retired Teachers Association, and the Retirees
Unit of the Hawaii Government Employees Association submitted
testimony in support of this measure.  The ERS commented on this
measure.

     Your Committee has amended this measure by:

     (1)  Appropriating an unspecified amount to extend the ERS
          pensioners' bonus;

     (2)  Naming the Department of Budget and Finance as the
          expending agency;

     (3)  Effectuating the appropriation section on July 1, 1999;
          and


 
 
                                 STAND. COM. REP. NO. 828________
                                 Page 2

 
     (4)  Making technical, nonsubstantive amendments for
          purposes of clarity and style.

     As affirmed by the record of votes of the members of your
Committee on Finance that is attached to this report, your
Committee is in accord with the intent and purpose of H.B. No.
98, as amended herein, and recommends that it pass Third Reading
in the form attached hereto as H.B. No. 98, H.D. 1.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Finance,



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair