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 S.B. No. 1048, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to allow the Hawaii Public Employees Health Fund (Health Fund) to return to beneficiaries, the employee's share of insurance carrier refunds based on the employee's years of benefit plan participation.

The Health Fund submitted testimony in support of this bill. The United Public Workers submitted testimony in support of the intent of this bill.

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 S.B. No. 1048, S.D. 1, and recommends that it pass Second Reading and be placed on the calendar for Third Reading.