CONFERENCE COMMITTEE REP. NO.140
Honolulu, Hawaii
, 2005
RE: H.B. No. 1608
H.D. 1
S.D. 2
C.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Third State Legislature
Regular Session of 2005
State of Hawaii
Honorable Robert Bunda
President of the Senate
Twenty-Third State Legislature
Regular Session of 2005
State of Hawaii
Sir:
Your Committee on Conference on the disagreeing vote of the House of Representatives to the amendments proposed by the Senate in H.B. No. 1608, H.D. 1, S.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION TRUSTS,"
having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.
The purpose of this bill is to authorize teachers and other Department of Education personnel belonging to collective bargaining unit (5) to provide health benefits to its members through a three-year pilot program allowing for the establishment of Voluntary Employees Beneficiary Association (VEBA) Trust instead of through the Employer-Union Health Benefits Trust Fund (EUTF).
Your Committee on Conference has amended this measure by:
(1) Allowing any collective bargaining unit to establish its own VEBA Trust by deleting the provisions limiting the establishment of VEBA Trusts to collective bargaining unit (5);
(2) Inserting language clarifying fiduciary and various other responsibilities of VEBA Trusts created by this Act, specifically to address concerns raised with regards to requirements of the Employee Retirement Income Security Act of 1974;
(3) Changing the effective date to upon its approval; and
(4) Making technical, nonsubstantive amendments for clarity, consistency, and style.
As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of H.B. No. 1608, H.D. 1, S.D. 2, as amended herein, and recommends that it pass Final Reading in the form attached hereto as H.B. No. 1608, H.D. 1, S.D. 2, C.D. 1.
Respectfully submitted on behalf of the managers:
|
ON THE PART OF THE SENATE |
ON THE PART OF THE HOUSE |
|
____________________________ BRIAN KANNO, Chair |
____________________________ ROY TAKUMI, Co-Chair |
|
|
____________________________ BRIAN T. TANIGUCHI, Co-Chair |
____________________________ KIRK CALDWELL, Co-Chair |
|
|
____________________________ DWIGHT TAKAMINE, Co-Chair |
||