STAND. COM. REP. NO. 365

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.B. No. 564
                                     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 Labor and Public Employment, to which was
referred H.B. No. 564 entitled: 

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

begs leave to report as follows:

     The purpose of this bill is to allow qualifying Employees'
Retirement System (ERS) members to acquire military service
credit at no cost and to purchase additional service credits.

     The United Public Workers and two individuals supported the
bill.

     The Office of Veterans Services and the Hawaii State
Teachers Association supported the intent of the bill. The ERS
submitted comments anticipating that the cost associated with
this bill to be significant.

     Your Committee has amended this measure by making technical,
nonsubstantive amendments for purposes of style and clarity.

     As affirmed by the record of votes of the members of your
Committee on Labor and Public Employment that is attached to this
report, your Committee is in accord with the intent and purpose
of H.B. No. 564, as amended herein, and recommends that it pass
Second Reading in the form attached hereto as H.B. No. 564, H.D.
1, and be referred to the Committee on Finance.

 
 
 
                                 STAND. COM. REP. NO. 365
                                 Page 2

 

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



                                   ______________________________
                                   TERRY NUI YOSHINAGA, Chair