STAND. COM. REP. NO. 3337

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 2264

       H.D. 2

       S.D. 1

 

 

 

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Ways and Means, to which was referred H.B. No. 2264, H.D. 2, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO EMPLOYMENT SECURITY,"

 

begs leave to report as follows:

 

     The purpose and intent of this measure is to increase employer contribution rates to the state unemployment compensation fund effective January 1, 2013.

 

     Written comments in support of this measure were submitted by the Department of Labor and Industrial Relations.

 

     Your Committee finds that the unemployment insurance trust fund is precariously low as a result of the recent prolonged economic downturn.  Your Committee further finds that this measure will restore the unemployment insurance trust fund balance to an adequate level, by increasing certain employers' maximum unemployment insurance contribution rates to a maximum rate of 6.6 percent.

 

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2264, H.D. 2, S.D. 1, and recommends that it pass Third Reading.

 

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

 

 

 

____________________________

DAVID Y. IGE, Chair