STAND. COM. REP. NO.393

Honolulu, Hawaii

, 2001

RE: H.B. No. 579

H.D. 1

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2001

State of Hawaii

Sir:

Your Committee on Labor and Public Employment, to which was referred H.B. No. 579 entitled:

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

begs leave to report as follows:

The purpose of this bill is to increase the membership of the Board of Trustees of the Employees' Retirement System from eight to nine members by adding a fourth citizen trustee. The bill also authorizes the Governor to appoint the Chair of the Board of Trustees.

The Department of Budget and Finance testified in support of this bill. The Department of Human Resources of the City and County of Honolulu testified in support of the intent of the bill. The Employees' Retirement System commented on the bill. The Hawaii State Teachers Association – Retired and the Hawaii Government Employees Association opposed the measure.

Your Committee has amended the bill by changing the effective date to July 1, 2020, and making technical, nonsubstantive amendments for consistency and style.

 

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. 579, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 579, H.D. 1, and be referred to the Committee on Finance.

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

____________________________

TERRY NUI YOSHINAGA, Chair