STAND. COM. REP. NO. 611-10
RE: H.B. No. 2163
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Fifth State Legislature
Regular Session of 2010
State of Hawaii
Your Committee on Finance, to which was referred H.B. No. 2163 entitled:
"A BILL FOR AN ACT RELATING TO SALARY AND PENSION PAYMENTS,"
begs leave to report as follows:
The purpose of this bill is to require all state employees hired prior to July 1, 1998, who have not designated a financial account into which the State is authorized to deposit the employee's pay, to designate an account no later than a date to be determined.
The Department of Education testified in support of this bill.
Your Committee expresses concern that the bill does not contain any provisions for the failure of retirants to designate financial accounts and notify the Employees' Retirement System of the accounts.
As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2163 and recommends that it pass Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
MARCUS R. OSHIRO, Chair