Bill Text: HI HB2533 | 2010 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Employees' Retirement System; Reemployment of Retirants

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2010-06-28 - (H) Act 179, on 6/28/2010 (Gov. Msg. No. 401). [HB2533 Detail]

Download: Hawaii-2010-HB2533-Amended.html

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STAND. COM. REP. NO. 3014

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 2533

       H.D. 1

       S.D. 2

 

 

 

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

 

Madam:

 

     Your Committee on Ways and Means, to which was referred H.B. No. 2533, H.D. 1, S.D. 1, entitled:

 

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

 

begs leave to report as follows:

 

     The purpose of this measure is to clarify conditions under which an Employees' Retirement System retirant may be reemployed by the State or a county without loss of benefits.

 

     Specifically, this measure prohibits the reemployment of a retirant unless the retirant is either reenrolled in the Employees' Retirement System or is employed without reenrollment in the system in specified types of positions.  Furthermore, this measure imposes penalties upon retirants and employers if the retirants are reemployed in violation of state or federal law.  Finally, this measure repeals uncodified session laws that temporarily authorize the reemployment of retirants until June 30, 2013.

 

     The written comments may be reviewed on the Legislature's website.

 

     Your Committee finds that the conditions and penalties relating to the reemployment of retirants and their reenrollment in the Employees' Retirement System are necessary to protect the status of the Employees' Retirement System as a tax-qualified retirement plan under the Internal Revenue Code.

 

     Your Committee has amended this measure by changing the effective date to July 1, 2050, to facilitate further discussion on the measure.

 

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2533, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 2533, H.D. 1, S.D. 2.

 

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

 

		____________________________ DONNA MERCADO KIM, Chair