STAND. COM. REP. NO. 850-16
Honolulu, Hawaii
, 2016
RE: H.B. No. 2006
H.D. 1
Honorable Joseph M. Souki
Speaker, House of Representatives
Twenty-Eighth State Legislature
Regular Session of 2016
State of Hawaii
Sir:
Your Committee on Finance, to which was referred H.B. No. 2006 entitled:
"A BILL FOR AN ACT RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM,"
begs leave to report as follows:
Your Committee has amended this measure by:
(1) Adopting the amendments proposed by the Employees' Retirement System that specifically:
(A) Remove language reclassifying judges as class H, hybrid, members; and
(B) Insert new language which preserves judges' classification as class A members and applies the two percent benefit multiplier and sixty year retirement age to service credit earned by judges who entered service or were reappointed or promoted on or after July 1, 2016; and
(2) Making technical nonsubstantive amendments for clarity, 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. 2006, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2006, H.D. 1, and be placed on the calendar for 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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