Bill Text: HI HB779 | 2012 | Regular Session | Introduced
Bill Title: Employees' Retirement System; State Contributions
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2011-12-01 - Carried over to 2012 Regular Session. [HB779 Detail]
Download: Hawaii-2012-HB779-Introduced.html
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
779 |
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TWENTY-SIXTH LEGISLATURE, 2011 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO FRINGE BENEFIT CONTRIBUTIONS.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The purpose of this Act is to mitigate the State's carrying costs for contributions made to the employees' retirement system. More specifically, this Act:
(1) Requires the State to pay the contributions on a quarterly, instead of monthly, basis; and
(2) Requires the department of budget and finance to collect interest on reimbursements from state non-general funds for contributions previously paid from the state general fund.
SECTION 2. Section 88-124, Hawaii Revised Statutes, is amended to read as follows:
"§88-124 Payment of state
contributions to the system. [(a)] The State shall pay on a [monthly]
quarterly basis to the various funds of the system the amounts payable
by the State under this part. Payments shall be made [within thirty days
after the end of the month.
(b) The system shall determine the actual
amount owed by the State under this part for each fiscal quarter, commencing
with the first fiscal quarter of fiscal year 2005-2006. The actual amounts
owed by the State for the fiscal quarter shall be compared against the amounts
paid in the fiscal quarter. Any additional contributions owed by the State for
a fiscal quarter shall be paid] by the director of finance from the
general fund before the end of the [next] fiscal quarter. [Any
excess contributions by the State may be used to offset amounts owed by the
State for the next fiscal quarter.]"
SECTION 3. Section 88-125, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
"(a) Each of the departments and agencies
hereinafter described, the office of Hawaiian affairs, and the Hawaii health
systems corporation shall reimburse the State for the respective amounts [payable]
paid by the State to cover the liability of the State to the various
funds of the system on account of the employees in the departments and
agencies, the trustees of the office of Hawaiian affairs, and the employees of
the Hawaii health systems corporation[. This provision shall apply to any
department or agency of the State that is authorized by law to fix, regulate,
and collect rents, rates, fees, or charges of any nature.] whose wages
are paid in whole or in part from state non-general funds. This subsection
shall not apply as to rental units receiving federal subsidies until approval
has been obtained from the appropriate federal agency."
SECTION 4. Section 88-125, Hawaii Revised Statutes, is amended by amending subsection (c) to read as follows:
"(c) The amount [payable] reimbursable
by each department or agency of the State, the office of Hawaiian affairs, or
the Hawaii health systems corporation, [covered] as required by
this section, shall be determined at least quarterly by the department
of budget and finance on the basis of the payroll of the employees of the
department or agency, trustees of the office of Hawaiian affairs, or the Hawaii
health systems corporation who are members of the system and paid from state
non-general funds. The amount shall be determined in the same manner the
allocation of employer contributions is determined in section 88-123. The
comptroller of the State, the office of Hawaiian affairs, the Hawaii health
systems corporation, or any department or agency having control of its own
funds, upon information furnished by the department of budget and finance,
shall issue a check for the proper amount, plus interest, to the
director of finance, charging the same to the appropriate fund.
The director of finance shall charge interest on the reimbursed amount for the period between the date the payment of contributions from the general fund is made by the director and a date specified by the director that shall not be later than the date of receipt of the reimbursement by the director. The rate of interest shall be 0.25 per cent for each month or fraction thereof.
The director of finance shall place all such
sums to the credit of the [State as part payment of the State's
contributions to the various funds of the system.] state general fund."
SECTION 5. The repeal of this Act on June 30, 2015, pursuant to section 6 shall not affect the payment, reimbursement, or interest charged on state contributions for the fiscal quarter from April to June 2015, to the employees' retirement system. The payment, reimbursement, or interest for that fiscal quarter shall be subject to this Act as if it were not repealed on June 30, 2015.
SECTION 6. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 7. This Act shall take effect on July 1, 2011, and be repealed on June 30, 2015; provided that sections 88-124 and 88-125, Hawaii Revised Statutes, that are amended by sections 2 and 3, respectively, of this Act shall be reenacted in the form in which they read on the day before the effective date of this Act.
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INTRODUCED BY: |
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Report Title:
Employees' Retirement System; State Contributions
Description:
Requires state contributions to the employees' retirement system to be paid from the general fund on a quarterly basis. Requires payments to be made before the end of the fiscal quarter. Requires departments and agencies whose employees are paid from state non-general funds to reimburse the state general fund for advance contributions. Requires the departments and agencies to pay monthly interest at 0.25% on the reimbursements. Takes effect on 07/01/2011 and is repealed on 06/30/2015.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
