HOUSE OF REPRESENTATIVES
THE TWENTY-SECOND LEGISLATURE
REGULAR SESSION OF 2004
COMMITTEE ON FINANCE |
Rep. Dwight Y. Takamine, Chair |
Rep. Bertha C. Kawakami, Vice Chair |
Rep. Jon Riki Karamatsu |
Rep. Glenn Wakai |
Rep. Sol P. Kaho`ohalahala |
Rep. Thomas Waters |
Rep. Michael Y. Magaoay |
Rep. Kika G. Bukoski |
Rep. Romy M. Mindo |
Rep. Mark G. Jernigan |
Rep. Bob Nakasone |
Rep. Colleen R. Meyer |
Rep. Scott Y. Nishimoto |
Rep. Mark S. Moses |
Rep. Maile S.L. Shimabukuro |
NOTICE OF HEARING
DATE: |
Friday, April 2, 2004 |
TIME: |
3:00 p.m. |
PLACE: |
Conference Room 308 State Capitol 415 South Beretania Street |
A G E N D A # 2
SB 2873 SD1, HD1 (HSCR957-04) |
RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM. Establishes the employer contributions to the Employees' Retirement System at 15.75 percent of the member's compensation for police and firefighters and 13.75 percent of the member's compensation for all other employees beginning in FY 2005-2006. Eliminates the separate computation of contributions for the Early Incentive Retirement Plan and includes in the total contributions computed as a stated percentage of compensation payment for the remaining amounts due for the Plan as of June 30, 2005. |
LAB, FIN |
SB 2878 SD2, HD1 (HSCR964-04) |
RELATING TO THE FEDERAL TAX LIMIT ON COMPENSATION APPLICABLE TO THE EMPLOYEES' RETIREMENT SYSTEM. Applies the federal tax limits on pension compensation effective 7/1/96, and adds a nontax-qualified arrangement to protect benefits accrued in excess of the federal tax limits for the period 7/1/96, through 6/30/04. Appropriates an unspecified amount of funds to pay the nontax-qualified benefits. |
LAB, FIN |
SB 2879 SD2, HD1 (HSCR958-04) |
RELATING TO FEDERAL TAX QUALIFICATION OF THE EMPLOYEES' RETIREMENT SYSTEM. Incorporates federal tax provisions relating to government pension plans into chapter 88, HRS, and authorizes the Board of Trustees to adopt as rules the remainder of the required provisions, with expedited rulemaking authority for the limited purpose of rules to comply with section 401(a)of the Internal Revenue Code. |
LAB, FIN |
SB 3018 SD2, HD1 (HSCR945-04) |
RELATING TO PENSION AND RETIREMENT SYSTEMS. Provides that if a police officer who suffers from a service-connected disability continues public service in any position other than as a police officer, the member's retirement allowance shall be 2-1/2% of the member's average final compensation for each year of credited service as a police officer. |
LAB, FIN |
SB 3175 SD2, HD1 (HSCR960-04) |
RELATING TO FEDERAL SOCIAL SECURITY FOR PUBLIC EMPLOYEES. Extends additional social security benefits to employees of the East-West Center. |
LAB, FIN |
SB 779 SD2, HD1 (HSCR490-04) |
RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM. Establishes a new defined benefit contributory plan with a hybrid feature for certain current and future members. |
LAB, FIN |
SB 2355 SD2, HD1 (HSCR956-04) |
RELATING TO PUBLIC EMPLOYEE HEALTH BENEFITS. Clarifies that a public employee with credited service prior to 7/1/96, who transfers employment or experiences a break in service before or after 7/1/96, shall qualify for the retirement health benefits plan as it existed prior to 7/1/96; provided that the public employee meets certain requirements. |
LAB, FIN |
SB 762 SD1, HD1 (HSCR961-04) |
RELATING TO THE EMPLOYER-UNION HEALTH BENEFITS TRUST FUND. Expands the eligibility for health insurance benefits of part-time, temporary, and seasonal or casual employees of the State; provided that the employee works at least twenty hours per week for at least four consecutive weeks. |
LAB, FIN |
SB 2424 SD2, HD1 (HSCR833-04) |
RELATING TO NEW CENTURY CONVERSION CHARTER SCHOOLS. Continues existing civil service rights, privileges, and benefits to applicable personnel in new century conversion charter schools; requires employees hired subsequent to conversion to have civil service status; authorizes employees of new century conversion charter schools to retain civil service status upon transfer back to non-charter DOE schools. |
LAB/EDN, FIN |
SB 14 SD1, HD1 (HSCR781-04) |
RELATING TO REHIRING RETIRED SCHOOL ADMINISTRATORS. Allows the rehiring of retired school administrators as principals or vice principals without penalty to retirement benefits. Requires retirees to have been retired for at least one year before reemployment. Repeals Act on June 30, 2009. |
LAB, FIN |
DECISION MAKING TO FOLLOW
PERSONS WISHING TO TESTIFY ARE REQUESTED TO SUBMIT 35 COPIES OF THEIR TESTIMONY AT LEAST 24 HOURS PRIOR TO THE HEARING TO: (1) ROOM 306, STATE CAPITOL, OR (2) THE HOUSE SGT.-AT-ARMS TESTIMONY DROP OFF BOX IN THE TURNAROUND AREA OF THE CAPITOL BASEMENT PARKING LOT. TESTIMONY MAY ALSO BE FAXED IF LESS THAN 5 PAGES IN LENGTH TO THE HOUSE SGT.-AT-ARMS OFFICE AT: 586-6501 (OAHU) OR 1-800-535-3859 (NEIGHBOR ISLANDS). WHEN FAXING, PLEASE INDICATE TO WHOM THE TESTIMONY IS BEING SUBMITTED, THE DATE AND TIME OF THE HEARING, AND THE REQUIRED NO. OF COPIES THAT IS NEEDED FOR SUBMITTAL.
IT IS ALSO REQUESTED THAT THE COPIES BE ON ONE SIDE OF AN 8-1/2" X 11" SHEET. FOR FURTHER INFORMATION, PLEASE CALL THE COMMITTEE CLERK AT 586-6200.
IF YOU REQUIRE SPECIAL ASSISTANCE OR AUXILIARY AIDS AND/OR SERVICES TO PARTICIPATE IN THE PUBLIC HEARING PROCESS OF THE STATE HOUSE (I.E., SIGN LANGUAGE INTERPRETER, WHEELCHAIR ACCESSIBILITY, OR PARKING DESIGNATED FOR THE DISABLED), PLEASE CONTACT THE COMMITTEE CLERK AT LEAST 24 HOURS PRIOR TO THE HEARING SO ARRANGEMENTS CAN BE MADE.
________________________________________ Rep. Dwight Y. Takamine Chair |