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. 828, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this measure is to entitle correctional officers who are either class C (noncontributory) or class H (hybrid) members of the Employees' Retirement System and who terminate from employment on or after July 1, 2005, with twenty-five years of credited service to receive retirement benefits unreduced for age.

Your Committee finds that this measure will place correctional officers in greater parity with other law enforcement and safety personnel, including correctional officers who are class A (contributory) members, who presently may retire after twenty-five years of credited service with an unreduced pension, regardless of age.

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. 828, S.D. 1, and recommends that it pass Third Reading.