STAND. COM. REP. NO.740
Honolulu, Hawaii
, 2001
RE: H.B. No. 357
H.D. 2
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2001
State of Hawaii
Sir:
Your Committee on Finance, to which was referred H.B. No. 357, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO PENSIONERS' SPECIAL COMPENSATION,"
begs leave to report as follows:
The purpose of this bill is to provide special monthly compensation to state and county retirees who are 70 and older and have at least 20 years of credited service, with compensation adjustments made every five years.
The Hawaii Government Employees Association and Oahu Retired Teachers Association testified in support of this measure.
The Department of Budget and Finance opposed this measure.
The Employee's Retirement System provided comments.
Your Committee has amended this bill by:
(1) Amending the effective date to July 1, 2010; and
(2) 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. 357, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 357, H.D. 2.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT Y. TAKAMINE, Chair |
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