Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 740, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this measure is to make clarifying, corrective, and conforming amendments to the statutes on the Employees' Retirement System.

In other words, this bill is simply a housekeeping measure. Among other things, the bill makes the Employees' Retirement System law comply with federal tax code:

The bill also reclassifies county employees so as to be grouped with state employees engaged in comparable functions.

Your Committee has amended this measure by making technical nonsubstantive amendments for the purposes of clarity and style.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 740, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 740, S.D. 2.