Report Title:

Employees' Retirement System; Board of Trustees

Description:

Changes the composition of the ERS board of trustees to include an equal number of employee and public employer representatives.

THE SENATE

S.B. NO.

1160

TWENTY-SECOND LEGISLATURE, 2003

 

STATE OF HAWAII

 


 

A BILL FOR AN ACT

 

relating to the employees' retirement system.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Section 88-24, Hawaii Revised Statutes, is amended to read as follows:

"88-24 Composition of board. The board of trustees shall consist of [eight members as follows:

(1) The director of finance of the State, ex officio;

(2) Four members of the system, two of whom shall be general employees, one of whom shall be a teacher, and one of whom shall be a retirant to be elected by the members and retirants of the system under rules adopted by the board governing the election to serve for terms of six years each, one of the terms to expire on January 1 of each even-numbered year; provided that, if after the close of filing of petitions for candidacy, a member is unopposed for election to a trustee position, the member shall be deemed and declared to be duly and legally elected to the position of trustee without an election; and

(3) Three citizens of the State who are not employees, one of whom shall be a responsible officer of a bank authorized to do business within the State, or a person of similar experience, to be appointed by the governor, with the advice and consent of the senate, to serve for a term of six years each, one of the terms to expire January 1 of each odd-numbered year.]

an equal number of employee and public employer representatives. The employee representatives shall consist of one representative from each of the organizations certified as an exclusive representative for state and county employees and one retiree of the employees' retirement system, to be elected by the members and retirees of the system under rules adopted by the board governing the election, to serve for a term of six years to expire on January 1 of the sixth year; provided that, if after the close of filing of petitions for candidacy, a member is unopposed for election to a trustee position, the member shall be deemed and declared to be duly and legally elected to the position of trustee without an election. The public employer representatives shall consist of two representatives from the State appointed by the governor, two representatives from the city and county of Honolulu appointed by the mayor, and a representative from each of the three remaining counties appointed by the mayor of the respective county. If the number of employee organizations changes, and there is a need for a reduction or increase in the number of employer representatives, the foregoing employer representatives shall determine which jurisdiction representatives shall be deleted or added. Each trustee shall serve until the trustee's successor is elected or appointed, as the case may be, and qualified. [For the purpose of this section, the term "general employees" includes police officers and firefighters.]"

SECTION 2. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.

SECTION 3. This Act shall take effect on January 1, 2004.

INTRODUCED BY:

_____________________________

By Request