SB2127 SSCR2292

 

STAND. COM. REP. NO.2292

Honolulu, Hawaii

, 2002

RE: S.B. No. 2127

 

 

Honorable Robert Bunda

President of the Senate

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Labor, to which was referred S.B. No. 2127 entitled:

"A BILL FOR AN ACT RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM,"

begs leave to report as follows:

The purpose of this measure is to provide special compensation payments to pensioners aged seventy years and older with at least twenty years of service.

Testimony in support of the measure was received by the Hawaii Government Employees Association Retirees Unit, the United Public Workers, the Oahu Retired Teachers Association, and a private citizen. The Director of the Department of Budget and Finance testified in opposition to the measure and the Administrator of the Employees Retirement System provided comments.

Your Committee finds that many older retirees face rising health care and cost of living expenses. The measure provides much needed assistance to these older retired public servants living on a fixed income by providing a formula that systematically attempts to keep pace with the rising costs of living.

As affirmed by the record of votes of the members of your Committee on Labor that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2127 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 Labor,

		____________________________ BOB NAKATA, Chair