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HI SB2346
Bill
Status
3/8/2016
Primary Sponsor
Maile Shimabukuro
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AI Summary
SB2346 Summary
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Allows the Employees' Retirement System board to appoint investment professionals and support staff in addition to investment officers, all exempt from civil service law (Chapter 76) and collective bargaining (Chapter 89).
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Provides current investment specialists the option to remain subject to civil service law if they choose, with that choice being irrevocable.
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Authorizes the ERS to make direct payments to spouses or former spouses of members or retirants for all or a portion of benefits awarded in domestic relations court orders, establishing procedures for order review and benefit distribution.
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Restricts domestic relations orders from imposing certain requirements on the ERS, including designating beneficiaries, changing benefit payment options, creating new benefit types, or providing increased benefits.
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Appropriates funds for one full-time claims examiner position and implementation costs for fiscal year 2016-2017, effective July 1, 2016, with domestic relations provisions effective January 1, 2018.
Legislative Description
ERS; Investment Personnel; Domestic Relations Order; Appropriation ($)
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Kawakami, Kobayashi, Kong, Luke, Pouha, Rhoads excused (6).
3/22/2016