HOUSE OF REPRESENTATIVES

THE TWENTY-SECOND LEGISLATURE

REGULAR SESSION OF 2004

COMMITTEE ON FINANCE

Rep. Dwight Y. Takamine, Chair

Rep. Bertha C. Kawakami, Vice Chair

Rep. Jon Riki Karamatsu

Rep. Glenn Wakai

Rep. Sol P. Kaho`ohalahala

Rep. Thomas Waters

Rep. Michael Y. Magaoay

Rep. Kika G. Bukoski

Rep. Romy M. Mindo

Rep. Mark G. Jernigan

Rep. Bob Nakasone

Rep. Colleen R. Meyer

Rep. Scott Y. Nishimoto

Rep. Mark S. Moses

Rep. Maile S.L. Shimabukuro

NOTICE OF HEARING

DATE:

Tuesday, March 2, 2004

TIME:

3:15 p.m.

PLACE:

Conference Room 308

State Capitol

415 South Beretania Street

AMENDED A G E N D A # 3

 

SENATE BILL 1374 and HOUSE BILL 779

HAVE BEEN DELETED FROM THE AGENDA

 

SB 1374

(HSCR489-04)

RELATING TO THE STATE FIRE COUNCIL.

Allows the State Fire Council to expend federal grant money for the purpose of fire fighting training.

LAB, FIN

HB 2215

HD1

(HSCR295-04)

RELATING TO PUBLIC EMPLOYMENT.

Clarifies that an employee who received a special retirement incentive benefit may be reemployed by the State without having to forfeit all benefits received if the employee's subsequent employment with the State is by contract-for-service for a period not to exceed one year in duration.

LAB, FIN

HB 2262

(HSCR291-04)

RELATING TO PENSION AND RETIREMENT SYSTEMS.

Provides that if a police officer who suffers from a service-connected disability continues public service in any position other than as a police officer, the member's retirement allowance shall be 2-1/2% of the member's average final compensation for each year of credited service as a police officer.

LAB, FIN

HB 779

RELATED TO COLLECTIVE BARGAINING IN PUBLIC EMPLOYMENT.

Excludes public employees covered by collective bargaining under chapter 89 from specific sections of the uniform arbitration act.

LAB, FIN

HB 2398

HD1

(HSCR296-04)

RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM.

Establishes the employer contributions to the Employees' Retirement System at 15.75 percent of the member's compensation for police and firefighters and 13.75 percent of the member's compensation for all other employees beginning in FY 2005-2006. Eliminates the separate computation of contributions for the Early Incentive Retirement Plan and includes in the total contributions computed as a stated percentage of compensation payment for the remaining amounts due for the Plan as of June 30, 2005.

LAB, FIN

HB 2403

(HSCR292-04)

RELATING TO THE FEDERAL TAX LIMIT ON COMPENSATION APPLICABLE TO THE EMPLOYEES' RETIREMENT SYSTEM.

Applies the federal tax limits on pension compensation effective 7/1/96, and adds a non-tax-qualified arrangement to protect benefits accrued in excess of the federal tax limits for the period 7/1/96, through 6/30/04. Appropriates $357,350 to pay the non-tax-qualified benefits.

LAB, FIN

HB 2404

(HSCR293-04)

RELATING TO FEDERAL TAX QUALIFICATION OF THE EMPLOYEES' RETIREMENT SYSTEM.

Incorporates some of the required provisions into chapter 88 and authorizes the Board of Trustees to adopt as rules the remainder of the required provisions that are not presently part of chapter 88 or the rules of the ERS.

LAB, FIN

HB 2713

HD1

(HSCR365-04)

RELATING TO SOCIAL SECURITY FOR PUBLIC EMPLOYEES.

Extends additional social security benefits to employees of the East-West Center.

LAB, FIN

     

DECISION MAKING TO FOLLOW

PERSONS WISHING TO TESTIFY ARE REQUESTED TO SUBMIT 35 COPIES OF THEIR TESTIMONY AT LEAST 24 HOURS PRIOR TO THE HEARING TO: (1) ROOM 306, STATE CAPITOL, OR (2) THE HOUSE SGT.-AT-ARMS TESTIMONY DROP OFF BOX IN THE TURNAROUND AREA OF THE CAPITOL BASEMENT PARKING LOT. TESTIMONY MAY BE FAXED TO THE HOUSE SGT.-AT-ARMS OFFICE AT: 586-6501 (OAHU) OR 1-800-535-3859 (NEIGHBOR ISLANDS). WHEN FAXING, PLEASE INDICATE TO WHOM THE TESTIMONY IS BEING SUBMITTED, THE DATE AND TIME OF THE HEARING, AND THE REQUIRED NO. OF COPIES THAT IS NEEDED FOR SUBMITTAL.

IT IS ALSO REQUESTED THAT THE COPIES BE ON ONE SIDE OF AN 8-1/2" X 11" SHEET. FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6200.

IF YOU REQUIRE SPECIAL ASSISTANCE OR AUXILIARY AIDS AND/OR SERVICES TO PARTICIPATE IN THE PUBLIC HEARING PROCESS OF THE STATE HOUSE (I.E., SIGN LANGUAGE INTERPRETER, WHEELCHAIR ACCESSIBILITY, OR PARKING DESIGNATED FOR THE DISABLED), PLEASE CONTACT THE COMMITTEE CLERK AT LEAST 24 HOURS PRIOR TO THE HEARING SO ARRANGEMENTS CAN BE MADE.

 

 

________________________________________

Rep. Dwight Y. Takamine

Chair