STAND. COM. REP. NO. 2762
Honolulu, Hawaii
RE: S.B. No. 3000
S.D. 1
Honorable Ronald D. Kouchi
President of the Senate
Twenty-Eighth State Legislature
Regular Session of 2016
State of Hawaii
Sir:
Your Committee on Ways and Means, to which was referred S.B. No. 3000, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM,"
begs leave to report as follows:
The purpose and intent of this measure is to establish a retirement benefit incentive for public employees who are otherwise eligible to retire and whose positions are subject to layoff due to the consolidation or abolition of functions or the privatization of the functions of the position.
Specifically, the measure provides qualified public employees with an additional one-twelfth of one year of additional retirement credit, up to a maximum of three years, if the qualified public employee is separated from service due to a layoff caused by a consolidation or abolition of a government function or the privatization of the employee's position.
Your Committee received written comments in support of this measure from the Hawaii Government Employees Association, United Public Workers, Maui Memorial Medical Center, and nine individuals.
Your Committee received written comments in opposition to this measure from the Department of Budget and Finance.
Your Committee received written comments on this measure from the Employees' Retirement System.
Your Committee finds that this measure provides assistance to public employees who would otherwise face permanent, economic hardship through no fault of their own.
As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 3000, S.D. 1, and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
|
|
|
________________________________ JILL N. TOKUDA, Chair |
|
|
|
|