summary
Introduced
01/20/2017
01/20/2017
In Committee
04/07/2017
04/07/2017
Crossed Over
03/07/2017
03/07/2017
Passed
Dead
05/04/2017
05/04/2017
Introduced Session
2017 Regular Session
Bill Summary
Reduces the percentage of average final compensation used to calculate the retirement allowance for a member who first earned credited service as a judge after June 30, 2050, to two per cent. (SB249 HD1)
AI Summary
This bill reduces the percentage of average final compensation used to calculate the retirement allowance for members who first earned credited service as a judge after June 30, 2050, from three percent to two percent. The bill also makes other changes to the retirement allowance calculation for judges, elective officers, and legislative officers depending on when they first earned credited service. These changes are intended to adjust the retirement benefits for certain public employees in Hawaii.
Committee Categories
Budget and Finance, Labor and Employment
Sponsors (4)
Last Action
Conference committee meeting to reconvene on 04-28-17 4:45PM in conference room 309. (on 04/28/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
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