Bill Text: HI HB174 | 2012 | Regular Session | Amended

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Bill Title: HSAC Package; Employees' Retirement System; Board of Trustees; Counties

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2011-12-01 - Carried over to 2012 Regular Session. [HB174 Detail]

Download: Hawaii-2012-HB174-Amended.html

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STAND. COM. REP. NO.  777

 

Honolulu, Hawaii

                , 2011

 

RE:   H.B. No. 174

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 174 entitled:

 

"A BILL FOR AN ACT RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM,"

 

begs leave to report as follows:

 

     The purpose of this bill is to improve the representation on the Board of Trustees of the Employees' Retirement System (ERS Board) by increasing the ERS Board membership from eight members to ten members, to include:

 

     (1)  An additional member who is a general employee; and

 

(2)  A member who is appointed by unanimous agreement of the county mayors and approved by the Hawaii State Association of Counties (HSAC), subject to the advice and consent of the Senate in the same manner as trustees who are appointed by the governor.

 

     The City and County of Honolulu Departments of Budget and Fiscal Services and Human Resources, HSAC, and the HSAC Treasurer testified in support of this bill.  The ERS Board opposed this measure.  The Department of Budget and Finance commented on this measure.

 

 

 

     Your Committee has amended this bill by:

 

(1)  Requiring the counties to be responsible for all necessary expenses, including travel, board, and lodging expenses, and any other costs, incurred in the performance of the member of the counties' duties;

 

(2)  Changing its effective date to July 1, 2030, to encourage continued discussion; and

 

(3)  Making a technical, nonsubstantive amendment for clarity and consistency.

 

     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. 174, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 174, H.D. 1.

 

Respectfully submitted on behalf of the members of the Committee on Finance,

 

 

		____________________________ MARCUS R. OSHIRO, Chair