STAND. COM. REP. NO. 3002

Honolulu, Hawaii

RE: S.B. No. 2142

S.D. 2

Honorable Ronald D. Kouchi

President of the Senate

Thirtieth State Legislature

Regular Session of 2020

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 2142, 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 provide state and county departments and agencies with more time to comply with the new reporting standards of the Employees' Retirement System.

Your Committee received written comments in support of this measure from the City and County of Honolulu.

Your Committee received written comments on this measure from the Employees' Retirement System.

Your Committee finds that public employers have been experiencing great challenges in meeting the reporting standards that are mandated under Act 87, Session Laws of Hawaii 2015. Your Committee believes that more time is needed for both the Employees' Retirement System and public employers to work together to address the complex issues relating to employer reporting of the required information.

Your Committee has amended this measure by changing the effective date to July 1, 2050, to facilitate further discussion on the measure.

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. 2142, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2142, S.D. 2.

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

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DONOVAN M. DELA CRUZ, Chair