STAND. COM. REP. NO.  1586

 

Honolulu, Hawaii

                , 2015

 

RE:   S.B. No. 1208

      S.D. 1

      H.D. 1

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2015

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred S.B. No. 1208, S.D. 1, 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 measure is to allow the Board of Trustees of the Employees' Retirement System to hold executive meetings that are closed to the public for certain specified purposes, such as, e.g., discussion, deliberation, and decision making on investments and procurements that consider information already exempt from disclosure under the Uniform Information Practices Act or the Hawaii Public Procurement Code.

 

     The Employees' Retirement System of the State of Hawaii supported this measure.  The Office of Information Practices and Grassroot Institute of Hawaii provided comments.

 

     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. 1208, S.D. 1, H.D. 1, and recommends that it pass Third Reading.

 

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

 

 

 

 

____________________________

SYLVIA LUKE, Chair