Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Labor, to which was referred Governor's Message Nos. 392 and 393, submitting for study and consideration the nomination of:

begs leave to report as follows:

WAYNE L. CHU is a supervising auditor for the audit division of the Department of Accounting and General Services where he has served since 1985. Mr. Chu holds a bachelor's degree in Accounting and Business Management from the Church College of Hawaii (Brigham Young University – Hawaii). He has also practiced independently as a certified public accountant (CPA), served as a financial manager/property manager for the Waikiki Business Plaza, Inc., and as a CPA for Peat, Marwick, Mitchell & Co. Mr. Chu has previously served one term on the Deferred Compensation Board.

Testimony in support of Mr. Chu was submitted by the Department of Human Resources Development.

CAROL T. RABER is a CPA and currently serves as an account manager with the Employees' Retirement System (ERS). Ms. Raber holds a bachelor's degree in Business Administration from the University of Hawaii. She has dedicated the majority of her career to public service, serving as the acting administrator and an accountant with the ERS, an accountant with the Hawaii Public Employees Health Fund, an accountant with the University of Hawaii, and an auditor with the Department of Commerce and Consumer Affairs. Ms. Raber has received several awards and honors and has previously served one term on the Deferred Compensation Board.

Testimony in support of Ms. Raber was submitted by the Department of Human Resources Development and one individual.

Your Committee finds that the nominees' experience, demonstrating their extensive knowledge of deferred compensation and retirement plans, coupled with a strong commitment to public service, continue to make them each an asset to the Board of Trustees of the Deferred Compensation Plan.

As affirmed by the record of votes of the members of your Committee on Labor that is attached to this report, your Committee, after full consideration of the background, experience, and qualifications of the nominees, has found the nominees to be qualified for the positions to which nominated and recommends that the Senate advise and consent to the nominations.