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HI SB3000
Bill
Status
3/8/2016
Primary Sponsor
Brian Taniguchi
Click for details
AI Summary
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Establishes a temporary retirement benefit incentive for active public employees whose positions are identified for layoff due to consolidation, abolition, or privatization of functions.
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Eligible members must otherwise qualify for service retirement as of their application date and hold a position targeted for layoff.
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Provides additional retirement credit equal to one year for each year of service credit earned, with a maximum cap (specific amount left blank in bill text).
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Appropriates unspecified funds from general revenues for fiscal year 2016-2017 to pay retirement incentives under this program.
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Takes effect January 7, 2059, and repeals July 1, 2091.
Legislative Description
ERS; Retirement Incentive for Members Separated From Service
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