STAND. COM. REP. 441

Honolulu, Hawaii

, 2003

RE: H.B. No. 1304

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Labor and Public Employment, to which was referred H.B. No. 1304 entitled:

"A BILL FOR AN ACT RELATING TO THE OFFICE OF HAWAIIAN AFFAIRS,"

begs leave to report as follows:

The purpose of this bill is to allow trustees of the Office of Hawaiian Affairs (OHA) who claim service credit for purposes of calculating their retirement benefits to select either of two payment options, one of which is making a single lump-sum payment, under section 88-59, Hawaii Revised Statutes.

OHA supported this bill. The Employees' Retirement System opposed the measure.

As affirmed by the record of votes of the members of your Committee on Labor and Public Employment that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1304 and recommends that it be referred to the Committee on Finance.

 

Respectfully submitted on behalf of the members of the Committee on Labor and Public Employment,

 

____________________________

MARCUS R. OSHIRO, Chair