STAND. COM. REP. 1439
Honolulu, Hawaii
, 2003
RE: S.B. No. 1309
S.D. 2
H.D. 2
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 S.B. No. 1309, S.D. 2, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM,"
begs leave to report as follows:
The purpose of this bill is to clarify the laws pertaining to the Employees' Retirement System (ERS) by, among other things:
(1) Restoring the method used to calculate a member's average final compensation prior to enactment of Act 128, Session Laws of Hawaii 2002; and
(2) Repealing the provision that requires the salary of the ERS administrator to be within the salary range of deputy directors.
The Hawaii State Teachers Association testified in support of this bill. ERS offered comments.
Your Committee has made technical, nonsubstantive amendments to this bill for the purpose of clarity.
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. 1309, S.D. 2, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1309, S.D. 2, H.D. 2.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT Y. TAKAMINE, Chair |
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