Bill Text: HI HB2124 | 2016 | Regular Session | Amended
Bill Title: Employees' Retirement System; Civil Service Exemption; Collective Bargaining in Public Employment Exemption
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2016-03-10 - Referred to JDL, WAM. [HB2124 Detail]
Download: Hawaii-2016-HB2124-Amended.html
|
HOUSE OF REPRESENTATIVES |
H.B. NO. |
2124 |
|
TWENTY-EIGHTH LEGISLATURE, 2016 |
H.D. 1 |
|
|
STATE OF HAWAII |
|
|
|
|
|
|
|
|
||
|
|
||
A BILL FOR AN ACT
RELATING TO INVESTMENT PERSONNEL OF THE EMPLOYEES' RETIREMENT SYSTEM.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 88-29.5, Hawaii Revised Statutes, is amended to read as follows:
"[[]§88-29.5[]]
Investment personnel. The board may, through its
executive director, appoint one or more investment officers, investment
professionals, and investment support staff, under the direction of the
chief investment officer, prescribing their duties and qualifications and fixing
their salaries[, who]; provided that any appointed investment
officers and investment professionals, including investment specialists, shall
be exempt from [chapter] chapters 76[.] and 89."
SECTION 2. A person in service as an investment specialist on the effective date of this Act shall have the option, which if exercised shall be irrevocable, to remain subject to chapter 76, Hawaii Revised Statutes, so long as the person remains an investment specialist.
SECTION 3. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 4. This Act shall take effect on July 1, 2091.
Report Title:
Employees' Retirement System; Civil Service Exemption; Collective Bargaining in Public Employment Exemption
Description:
Authorizes the ERS board to appoint investment professionals and support staff. Exempts appointed investment officers, professionals, and specialists from civil service law and collective bargaining. Provides option for incumbent investment specialists to remain subject to civil service law. (HB2124 HD1)
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
