Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Labor and Public Employment, to which was referred S.B. No. 2873, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this bill is to standardize employer contributions to the Employees' Retirement System (ERS) by:

(B) 13.75 percent of compensation for other employees;

and

This bill also allows the State to retain amounts owed by a county for ERS contributions from transient accommodations taxes collected.

ERS, the Department of Budget and Finance, and the County of Hawaii Finance Department testified in support of this bill.

Upon further consideration, your Committee has amended this measure by deleting its substance and inserting the substance of H.B. No. 2398, H.D. 2, the companion bill, which passed the House on Third Reading earlier this session.

As amended, this bill is substantively the same with the exception of various technical, nonsubstantive differences.

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 is in accord with the intent and purpose of S.B. No. 2873, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2873, S.D. 1, H.D. 1, and be referred to the Committee on Finance.