Hawaii State Legislature

Bill Status

SB1377

Generated on 8/13/2007 4:06:31 PM

Measure Title:
RELATING TO THE EMPLOYEES' RETIREMENT SYSTEM.
Report Title:
Death benefits eligibility
Description:
Allows payment of interest to Noncontributory members who have ERS deductions erroneously made from their compensation. Excludes a "foster child" from being eligible for ERS death benefits if the member dies in service. Allows the ERS Board to set the Chief Investment Officer's salary. Requires excess contributions to be refunded upon retirement, termination or death for judges, legislative officers and elected officials if their retirement allowance exceeds the statutory cap of 75%. Clarifies that Hybrid Plan member contributions that are picked up by the employer are subject to the annual federal income tax limits. Allows post retirement allowances to be paid to beneficiaries who select a monthly annuity instead of the lump sum balance or other clarifying or conforming revisions.
Package:
Governor
Companion:
HB1291
Introducers:
HANABUSA (BR)
Current Referral:
JDL, WAM
Date Status Text
1/22/2007SIntroduced.
1/24/2007SPassed First Reading.
1/29/2007SReferred to JDL, WAM.
2/9/2007SThe committee(s) on JDL has scheduled a public hearing on 02-13-07 at 10:00 am in conference room 229.
2/13/2007SThe committee(s) on JDL recommend(s) that the measure be PASSED, UNAMENDED. The votes in JDL were as follows: 4 Aye(s): Senator(s) Hee, Kokubun, Nishihara, Gabbard; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Inouye.
2/16/2007SThe committee(s) on JDL will hold a public decision making on 02-20-07 at 10:00 am in conference room 229.
2/20/2007SThe committee(s) on JDL recommend(s) that the measure be HELD. The votes in JDL were as follows: 5 Aye(s): Senator(s) Hee, Kokubun, Inouye, Nishihara, Gabbard; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.

$ = Appropriation measure
ConAm = Constitutional Amendment

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