STAND. COM. REP. NO. 2096

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 2528

       S.D. 1

 

 

 

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

 

Madam:

 

     Your Committee on Labor, to which was referred S.B. No. 2528 entitled:

 

"A BILL FOR AN ACT RELATING TO SEPARATION INCENTIVES,"

 

begs leave to report as follows:

 

     The purpose of this measure is to authorize voluntary severances or special retirement incentive benefits to state employees who elect to voluntarily separate from service when their position is identified for abolishment or when they are directly affected by a reduction-in-force or workforce restructuring plan.

 

     Testimony in support of this measure was submitted by one private organization.  Testimony in opposition of this measure was submitted by one state agency and one private organization.  Written testimony presented to the Committee may be reviewed on the Legislature's website.

 

     Your Committee finds that allowing a state employee to qualify for special retirement incentive benefits prior to reaching the current age and service requirements identified in sections 88-73, 88-281, and 88-331, Hawaii Revised Statutes, creates a larger unfunded actuarial accrued liability for the Employees' Retirement System.

 

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

 

     As affirmed by the record of votes of the members of your Committee on Labor that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2528, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2528, S.D. 1, and be referred to the Committee on Ways and Means.

 

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

 

 

 

____________________________

DWIGHT Y. TAKAMINE, Chair