1296
THE SENATE                              S.B. NO.           
TWENTIETH LEGISLATURE, 1999                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO COMPOSITION OF THE BOARD OF THE EMPLOYEES'
   RETIREMENT SYSTEM.



BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1.  Section 88-24, Hawaii Revised Statutes, is
 
 2 amended to read as follows:
 
 3      "88-24  Composition of board.  The board of trustees shall
 
 4 consist of [eight] nine members as follows:
 
 5      (1)  The director of finance of the State, ex officio;
 
 6      (2)  Four members of the system, two of whom shall be
 
 7           general employees, one of whom shall be a teacher, and
 
 8           one of whom shall be a retirant to be elected by the
 
 9           members and retirants of the system under rules adopted
 
10           by the board governing the election to serve for terms
 
11           of six years each, one of the terms to expire on
 
12           January 1 of each even-numbered year; provided that, if
 
13           after the close of filing of petitions for candidacy, a
 
14           member is unopposed for election to a trustee position,
 
15           the member shall be deemed and declared to be duly and
 
16           legally elected to the position of trustee without an
 
17           election; and
 
18      (3)  [Three] Four citizens of the State who are not
 
19           employees, one of whom shall be a responsible officer
 

 
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 1           of a bank authorized to do business within the State,
 
 2           or a person of similar experience, to be appointed by
 
 3           the governor, with the advice and consent of the
 
 4           senate, to serve for a term of six years each, one of
 
 5           the terms to expire January 1 of each odd-numbered
 
 6           year.
 
 7 Each trustee shall serve until the trustee's successor is elected
 
 8 or appointed, as the case may be, and qualified.  For the purpose
 
 9 of this section, the term "general employees" includes police
 
10 officers and firefighters."
 
11      SECTION 2.  Statutory material to be repealed is bracketed.
 
12 New statutory material is underscored.
 
13      SECTION 3.  This Act shall take effect upon its approval.
 
14 
 
15                           INTRODUCED BY:  _______________________
 

 
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