STAND. COM. REP. NO.  1144

Honolulu, Hawaii

                , 2007

RE:   H.B. No. 852

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 852 entitled:

"A BILL FOR AN ACT RELATING TO THE EMPLOYEE RETIREMENT SYSTEM,"

begs leave to report as follows:

     The purpose of this bill is to allow all elective officers who attain the age of 65 to retire and receive a service retirement allowance while continuing to fill their elective position.

     A member of the Kauai County Council, several members of the City Council of the City and County of Honolulu, a member of the Hawaii County Council, the Hawaii State Teachers Association, and a concerned individual testified in support of this bill.  The Hawaii Government Employees Association supported the intent of this measure.  The Department of Budget and Finance did not support this bill.  The Employees' Retirement System Board of Trustees opposed this measure.

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 852 and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

MARCUS R. OSHIRO, Chair