SB 950

RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM

By Senator(s) KANNO; Taniguchi

Keywords: PENSION AND RETIREMENT SYSTEM, PUBLIC EMPLOYEES

Report Title: Retirement Sys.; Class C to A

Description: Allows any class C member of the ERS who elected to become a class C member to reenter 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.

 1-25-99        S Introduced and passed First Reading                      
 1-26-99        S Referred to 1. CPN 2. WAM                                
 1-29-99        S Bill scheduled to be heard by CPN on 02-03-99 at
                  9:00 a.m. in conference room 016
 2- 3-99        S The measure is deferred until 02-17-99 at 9:00 a.m.         
                  in conference room 016.
 2-17-99        S The committee on CPN recommends that the measure be         
                  HELD.
 2-17-99        S The votes in CPN were as follows: 6 Ayes: Senator(s)        
                  Kanno, Taniguchi, Bunda, Hanabusa, Inouye, Slom;
                  Ayes with reservations: Senator(s) ; none Noes:
                  Senator(s) ; and 2 Excused: Senator(s) Ihara,
                  Matsuura