SB 834 SD 1

RELATING TO EMPLOYEES' RETIREMENT SYSTEM

By Senator(s) CHUN OAKLAND / KANNO

Keywords: PENSION AND RETIREMENT SYSTEM, PUBLIC EMPLOYEES

Report Title: ERS; Pension Accum. Fund

Description: Amends ERS pensioners' bonus formula by calculating post retirement allowances using compounded interest rather than simple interest. (SD1)

 1-22-99        S Introduced and passed First Reading                      
 1-25-99        S Referred to 1. CPN 2. WAM                                
 1-29-99        S Bill scheduled to be heard by CPN on 02-03-99 at
                  9:00 a.m. in conference room 016
 2- 3-99        S The measure is deferred until 02-17-99 at 9:00 a.m.         
                  in conference room 016.
 2-17-99        S The committee on CPN recommends that the measure be         
                  PASSED, WITH AMENDMENTS.
 2-17-99        S The votes in CPN were as follows: 6 Ayes: Senator(s)        
                  Kanno, Taniguchi, Bunda, Hanabusa, Inouye, Slom;
                  Ayes with reservations: Senator(s) ; none Noes:
                  Senator(s) ; and 2 Excused: Senator(s) Ihara,
                  Matsuura
 2-19-99        S Reported from CPN (Stand. Com. Rep. No. 316) with
                  recommendation of passage on Second Reading, as
                  amended (SD 1) and referral to WAM
 2-19-99        S Report adopted; Passed Second Reading, as amended
                  (SD 1) and referred to WAM.