STAND. COM. REP. NO.434-02

Honolulu, Hawaii

, 2002

RE: H.B. No. 2805

H.D. 1

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 2805, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO GOVERNMENT,"

begs leave to report as follows:

The purpose of this bill is to assist retirees, pensioners, and employers by:

(1) Providing special compensation annually to qualified pensioners beginning July 1, 2002;

(2) Establishing the Employers' Worker Retention Special Fund (Special Fund) to provide assistance to employers facing economic hardship; and

(3) Transferring an unspecified amount from the Premium Supplementation Fund to be deposited into the Special Fund.

The Hawaii Government Employees Association-Retirees Unit supported this bill. The Department of Labor and Industrial Relations and the Department of Budget and Finance opposed this bill.

 

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 H.B. No. 2805, H.D. 1, and recommends that it pass Third Reading.

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

 

____________________________

DWIGHT Y. TAKAMINE, Chair