Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 1157 entitled:

begs leave to report as follows:

The purpose of this bill is to minimize the administrative processing of refunding contributions for employees excluded from Social Security.

The Employees' Retirement System Board of Trustees testified in support of this measure.

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. 1157 and recommends that it pass Third Reading.