STAND. COM. REP. NO. 1433
Honolulu, Hawaii
, 2013
RE: S.B. No. 1036
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 S.B. No. 1036 entitled:
"A BILL FOR AN ACT RELATING TO EMPLOYEES' RETIREMENT SYSTEM PERSONNEL,"
begs leave to report as follows:
The purpose of this measure is to improve the administration of the Employees’ Retirement System (ERS). More specifically, this measure:
(1) Authorizes the ERS Administrator to appoint one or more investment officers to the ERS Investment Office; and
(2) Changes the title of the Administrator of the ERS to “Executive Director” to be consistent with the titles of other state agencies’ administrative heads.
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 S.B. No. 1036 and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ SYLVIA LUKE, Chair |
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