THE SENATE

THE TWENTY-SECOND LEGISLATURE

REGULAR SESSION OF 2004

COMMITTEE ON LABOR

Senator Brian Kanno, Chair

Senator Les Ihara, Jr., Vice Chair

MEASURES DEFERRED TO WEDNESDAY, FEBRUARY 11, 2004

TIME:

1:15 p.m.

PLACE:

Conference Room 225

State Capitol

415 South Beretania Street

 

DECISION MAKING ON THE FOLLOWING MEASURE(S):

(Deferred from Wednesday, February 04 and Friday, February 06, 2004)

SB 2064

RELATING TO PUBLIC EMPLOYEE BENEFITS.

Establishes maximum creditable annual salary formula for purpose of determining average final compensation and retirement benefits of public employees whose salaries are in excess of five times the median public employee salary. Authorizes optional annuity contracts to allow deferral of taxes paid on earnings in excess of maximum creditable amounts.

LBR, WAM

SB 2257

RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM.

Enables full time employees of the legislature to claim past per diem service as credit towards retirement.

LBR, WAM

SB 2355

RELATING TO PUBLIC EMPLOYEE HEALTH BENEFITS.

Clarifies that a public employee with credited service prior to 7/1/96, that suffers a break in service before or after 7/1/96, shall qualify for the retirement health benefits plan as it existed prior to 7/1/96; provided that the public employee meets certain requirements.

LBR, WAM

SB 2356

RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM.

Allows noncontributory members of the employees' retirement system to retire without incurring an actuarially-reduced pension after 25 years of service, regardless of their age upon retirement.

LBR, WAM

     

 

No testimony will be accepted.

FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6830.