Bill Text: HI HB2429 | 2010 | Regular Session | Amended

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Bill Title: Public Employment; Separation Incentives

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2010-03-19 - (S) Report adopted; Passed Second Reading, as amended (SD 1) and referred to WAM. [HB2429 Detail]

Download: Hawaii-2010-HB2429-Amended.html

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STAND. COM. REP. NO. 2776

 

Honolulu, Hawaii

                  

 

RE:    H.B. No. 2429

       H.D. 1

       S.D. 1

 

 

 

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

 

Madam:

 

     Your Committee on Labor, to which was referred H.B. No. 2429, H.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO SEPARATION INCENTIVES,"

 

begs leave to report as follows:

 

     The purpose of this measure is to:

 

     (1)  Authorize the state executive branch to offer a voluntary severance or a special retirement incentive benefit to state employees who elect to voluntarily separate from service when their positions are identified for abolishment or when they are directly affected by a reduction-in-force or workforce restructuring plan; and

 

     (2)  Extend the option to provide a special retirement incentive benefit to employees under a reduction-in-force or a workforce restructuring plan in other jurisdictions.

 

     Testimony in opposition of this measure was submitted by one private organization.  Written testimony presented to the Committee may be reviewed on the Legislature's website.

 

     Your Committee finds that offering early retirement benefit incentives will not permanently impair the unfunded actuarial accrued liability of the Employees' Retirement System.  Your Committee also finds that one-time lump sum cash payments for voluntary severance benefits will not impact a retirant's retirement benefits and it could help to relieve the general fund deficit in the following fiscal year.

 

     Your Committee has amended this measure by making technical, nonsubstantive amendments for the purpose of clarity.

 

     As affirmed by the record of votes of the members of your Committee on Labor that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2429, H.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2429, H.D. 1, S.D. 1, and be referred to the Committee on Ways and Means.

 

Respectfully submitted on behalf of the members of the Committee on Labor,

 

		____________________________ DWIGHT Y. TAKAMINE, Chair