Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Labor, to which was referred S.B. No. 2571 entitled:

begs leave to report as follows:

The purpose of this measure is to enable retirants of the Employees' Retirement System who either continue service or are re-employed by the State or a county, and who maintain their retired status, to participate in the State's Deferred Compensation Plan.

The Department of Human Resources Development submitted comments on the measure.

Your Committee believes that if a retirant of the Employees' Retirement System is allowed to continue or return to public service, other than in an emergency hire or contract basis, while still maintaining retired status, such as many teachers, that retirant should be able to participate in the State's Deferred Compensation Plan.

As affirmed by the record of votes of the members of your Committee on Labor that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2571, and recommends that it pass Second Reading and be referred to the Committee on Ways and Means.