Bill Text: HI SB2888 | 2010 | Regular Session | Introduced
Bill Title: ERS; Compensation; Compensatory Time
Spectrum: Moderate Partisan Bill (Democrat 11-2)
Status: (Introduced - Dead) 2010-01-28 - (S) Referred to LBR, WAM. [SB2888 Detail]
Download: Hawaii-2010-SB2888-Introduced.html
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THE SENATE |
S.B. NO. |
2888 |
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TWENTY-FIFTH LEGISLATURE, 2010 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to the public employees' retirement system.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 88-21.5, Hawaii Revised Statutes, is amended to read as follows:
"§88-21.5 Compensation. Unless a
different meaning is plainly required by context, as used in this part,
"compensation" means normal periodic payments of money for service
the right to which accrues on a regular basis in proportion to the service
performed; overtime[, differentials, and supplementary payments; bonuses and
lump sum salary supplements]; and elective salary reduction contributions
under sections 125, 403(b), and 457(b) of the Internal Revenue Code [of
1986, as amended. Bonuses and lump sum salary supplements shall be deemed
earned when payable; provided that bonuses or lump sum salary supplements in
excess of one-twelfth of compensation for the twelve months prior to the month
in which the bonus or lump sum salary supplement is payable, exclusive of
overtime, bonuses, and lump sum salary supplements, shall be deemed earned:
(1) During the period agreed-upon by the
employer and employee, but in any event over a period of not less than twelve
months; or
(2) In the absence of an agreement between
the employer and the employee, over the twelve months prior to the date on
which the bonus or lump sum salary supplement is payable.]; provided
that, effective July 1, 2010, any earnings from compensatory time accrued
pursuant to an executed collective bargaining agreement, or agreement negotiated
pursuant to chapter 89C, shall not be considered compensation for the purposes
of this chapter."
SECTION 2. This Act does not affect rights and duties that matured, penalties that were incurred, and proceedings that were begun, before its effective date.
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 Statutory material to be repealed is bracketed and stricken.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, 2010.
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INTRODUCED BY: |
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Report Title:
ERS; Compensation; Compensatory Time
Description:
Repeals certain forms of pay from being included in the definition of compensation for purposes of computing compensation for retirement purposes beginning on July 1, 2010.
The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.
