STAND. COM. REP. NO.  360-16

 

Honolulu, Hawaii

                , 2016

 

RE:   H.B. No. 2124

      H.D. 1

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2016

State of Hawaii

 

Sir:

 

     Your Committee on Labor & Public Employment, to which was referred H.B. No. 2124 entitled:

 

"A BILL FOR AN ACT RELATING TO INVESTMENT PERSONNEL OF THE EMPLOYEES' RETIREMENT SYSTEM,"

 

begs leave to report as follows:

 

     The purpose of this measure is to:

 

     (1)  Authorize the Board of Trustees of the Employees' Retirement System (Board) to appoint investment professionals and investment support staff;

 

     (2)  Exempt appointed investment officers and investment professionals, including investment specialists, from civil service and collective bargaining laws;

 

     (3)  Provide the Board with discretion to exempt any appointed investment support staff from civil service law and collective bargaining laws; provided that the exemptions do not include exemptions from section 76-16(b)(17), Hawaii Revised Statutes; and

 

     (4)  Authorize incumbent investment specialists, as of the effective date of this measure, the option to remain subject to civil service law, so long as the person remains an investment specialist.

 

     The Employees' Retirement System testified in support of this measure.  The Hawaii Government Employees Association, AFSCME Local 152, AFL-CIO testified in opposition.

 

Your Committee has amended this measure by:

 

     (1)  Deleting the provision giving the Board discretionary authority to exempt appointed investment support staff from civil service and collective bargaining laws; and

 

     (2)  Changing its effective date to July 1, 2091, to facilitate further discussion.

 

     As affirmed by the record of votes of the members of your Committee on Labor & Public Employment that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2124, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2124, H.D. 1, and be referred to your Committee on Finance.

 

 

Respectfully submitted on behalf of the members of the Committee on Labor & Public Employment,

 

 

 

 

____________________________

MARK M. NAKASHIMA, Chair