STAND. COM. REP. NO. 476
Honolulu, Hawaii
RE: S.B. No. 1380
Honorable Colleen Hanabusa
President of the Senate
Twenty-Fourth State Legislature
Regular Session of 2007
State of Hawaii
Madam:
Your Committee on Judiciary and Labor, to which was referred S.B. No. 1380 entitled:
"A BILL FOR AN ACT RELATING TO THE HAWAII EMPLOYER-UNION HEALTH BENEFITS TRUST FUND,"
begs leave to report as follows:
The purpose of this measure is to provide an appropriate, cost-neutral adjustment of the base monthly contributions for retiree benefit plans, in the event the EUTF Board of Trustees adopts a revised rate structure for its retiree benefit plans.
Your Committee received testimony in support of this bill from the State Department of Budget and Finance and the Employers' Union Trust Fund (EUTF). This bill will allow EUTF to adjust the contribution caps to reflect the additional retiree benefit plan approved by the Board. This would benefit both employees and the employer.
As affirmed by the record of votes of the members of your Committee on Judiciary and Labor that is attached to this report,
your Committee is in accord with the intent and purpose of S.B. No. 1380 and recommends that it pass Second Reading and be referred to the Committee on Ways and Means.
Respectfully submitted on behalf of the members of the Committee on Judiciary and Labor,
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____________________________ CLAYTON HEE, Chair |
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