STAND. COM. REP. NO. 1180-04
Honolulu, Hawaii
, 2004
RE: S.B. No. 3018
S.D. 2
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Second State Legislature
Regular Session of 2004
State of Hawaii
Sir:
Your Committee on Finance, to which was referred S.B. No. 3018, S.D. 2, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO PENSION AND RETIREMENT SYSTEMS,"
begs leave to report as follows:
The purpose of this bill is to allow a police officer who:
(1) Has at least ten years of credited service;
(2) Suffers from a service-connected disability; and
(3) Continues public service in a position other than as a police officer,
to receive a retirement allowance of 2-1/2 percent of the average final compensation for each year of credited service as a police officer.
The State of Hawaii Organization of Police Officers testified in support of this bill. The Honolulu Police Department supported the intent of this measure. The Department of Budget and Finance and Employees' Retirement System provided comments.
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. 3018, S.D. 2, H.D. 1, and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
|
____________________________ DWIGHT Y. TAKAMINE, Chair |
||