STAND. COM. REP. NO.1511
Honolulu, Hawaii
, 2001
RE: S.C.R. No. 159
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 S.C.R. No. 159 entitled:
"SENATE CONCURRENT RESOLUTION REQUESTING THE EMPLOYEES' RETIREMENT SYSTEM OF HAWAII TO STUDY CURRENT PENSION BENEFITS OFFERED TO PUBLIC SECTOR EMPLOYEES AND MAKE RECOMMENDATIONS TO MODIFY SUCH BENEFITS INCLUDING THE ADDITION OF AN ALTERNATIVE DEFINED CONTRIBUTION PENSION PLAN,"
begs leave to report as follows:
The purpose of this concurrent resolution is to request the Employees' Retirement System of Hawaii (ERS) to study current public sector pension benefits and make recommendations for enhancement or change. This study is to also consider the feasibility of adding an alternative defined contribution plan.
ERS testified in support of the intent of this measure.
Your Committee finds that:
(1) In the private as well as public sector, pension benefits are often a major consideration for employees in both initially accepting employment and in remaining in certain positions; and
(2) Enhancing public sector pension benefits will help improve recruitment for and retention of public sector employees.
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 concurs with the intent and purpose of S.C.R. No. 159 and recommends its adoption.
Respectfully submitted on behalf of the members of the Committee on Labor and Public Employment,
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____________________________ TERRY NUI YOSHINAGA, Chair |
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