STAND. COM. REP. NO. 1925

Honolulu, Hawaii

RE: H.B. No. 1187

H.D. 1

S.D. 2

Honorable Ronald D. Kouchi

President of the Senate

Thirtieth State Legislature

Regular Session of 2019

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 1187, H.D. 1, 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 appropriate moneys from other funds of the program ID BUF 141, relating to the Employees' Retirement System Pension Trust, for certain expenses in fiscal biennium 2019-2021.

Your Committee received written comments in support of this measure from the Employees' Retirement System.

Your Committee finds that additional funds are needed for equipment updates, increased actuarial and legal costs, and an increase in staff positions.

Your Committee has amended this measure by changing the appropriations to unspecified amounts.

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 H.B. No. 1187, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1187, H.D. 1, S.D. 2.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

________________________________

DONOVAN M. DELA CRUZ, Chair