Bill Text: HI SB2174 | 2010 | Regular Session | Amended

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Bill Title: Employees' Retirement System; Board of Trustees

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2010-04-08 - (H) Received notice of Senate conferees (Sen. Com. No. 534). [SB2174 Detail]

Download: Hawaii-2010-SB2174-Amended.html

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STAND. COM. REP. NO.  1201-10

 

Honolulu, Hawaii

                , 2010

 

RE:   S.B. No. 2174

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred S.B. No. 2174, H.D. 1, 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 help ensure that costs to the counties are considered in decisions regarding the State's employee retirement system by increasing the membership of the Employees' Retirement System (ERS) Board of Trustees to ten, adding:

 

     (1)  One member to be appointed by the Hawaii Council of Mayors (Council) and confirmed by the Senate; and

 

     (2)  One additional member who is a member of the ERS and a general employee.

 

     The Council and Hawaii Government Employees' Association, AFSCME Local 152, AFL-CIO testified in support of this bill.  ERS and the Department of Budget and Finance opposed this measure.

 

     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 S.B. No. 2174, H.D. 1, and recommends that it pass Third Reading.

 

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

 

 

		____________________________ MARCUS R. OSHIRO, Chair