STAND. COM. REP. NO. 2399
Honolulu, Hawaii
RE: S.B. No. 3004
S.D. 1
Honorable Colleen Hanabusa
President of the Senate
Twenty-Fourth State Legislature
Regular Session of 2008
State of Hawaii
Madam:
Your Committee on Judiciary and Labor, to which was referred S.B. No. 3004 entitled:
"A BILL FOR AN ACT RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM,"
begs leave to report as follows:
The purpose of this measure is to make various amendments to the laws relating to the Employees' Retirement System.
Specifically, this measure:
(1) Requires employers to transmit payroll and personnel transactions electronically to the Employees' Retirement System;
(2) Requires direct deposit for certain lump sum refunds;
(3) Clarifies that contributions for unpaid leaves are required for service credit;
(4) Increases the annual ceiling on pension benefits to parallel increases in the federal ceiling; and
(5) Clarifies the basis for calculating the compensation of members on military leave.
Your Committee received testimony in support of this measure from the Department of Budget and Finance and the Employees' Retirement System.
Your Committee finds that this housekeeping measure proposed by the administration clarifies and conforms existing statutes to current practice, and will thereby improve and streamline administrative operations.
Your Committee has amended this measure by making technical nonsubstative changes for the purposes of clarity and style.
As affirmed by the record of votes of the members of your Committee on Judiciary and Labor that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 3004, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 3004, S.D. 1, and be referred to the Committee on Ways and Means.
Respectfully submitted on behalf of the members of the Committee on Judiciary and Labor,
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____________________________ BRIAN T. TANIGUCHI, Chair |
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