STAND. COM. REP. NO. 678-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: H.B. No. 2448
                                     




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committees on Labor and Public Employment and Finance,
to which was referred H.B. No. 2448 entitled: 

     "A BILL FOR AN ACT RELATING TO THE EMPLOYEES' RETIREMENT
     SYSTEM,"

beg leave to report as follows:

     The purpose of this bill is to clarify the collection of
delinquent pension contributions from the counties by:

     (1)  Specifying the amount and when each county's share of
          the Employees' Retirement System (ERS) is due; 

     (2)  Allowing the State to withhold certain funds if the
          required amounts are not paid by the prescribed dates;
          and

     (3)  Enabling ERS to charge interest on delinquent rates.

     The ERS submitted comments on this bill.  The City and
County of Honolulu testified in opposition to this bill.

     As affirmed by the records of votes of the members of your
Committees on Labor and Public Employment and Finance that are
attached to this report, your Committees are in accord with the
intent and purpose of H.B. No. 2448 and recommend that it pass
Second Reading and be placed on the calendar for Third Reading.


 
 
 
                                 STAND. COM. REP. NO. 678-00
                                 Page 2

 
                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committees on Labor and Public
                                   Employment and Finance,

                                   
                                   
                                   
                                   
______________________________     ______________________________
DWIGHT Y. TAKAMINE, Chair          TERRY NUI YOSHINAGA, Chair