STAND. COM. REP. NO.  810

Honolulu, Hawaii

                , 2013

RE:   H.B. No. 808

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 808 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 preserve the tax-qualified status of the Employees' Retirement System (ERS) by providing that civil union partners are not entitled to spousal rights under the ERS where application of those spousal rights to civil union partners conflicts with the Internal Revenue Code.

The Department of Budget and Finance and Employees' Retirement System Board of Trustees supported this measure.

     Your Committee has amended this measure by:

     (1)  Changing its effective date to July 1, 2030, to encourage further discussion; and

     (2)  Making technical, nonsubstantive amendments for consistency and style.

     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. 808, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 808, H.D. 1.

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

____________________________

SYLVIA LUKE, Chair