HOUSE OF REPRESENTATIVES

THE TWENTY-SIXTH LEGISLATURE

REGULAR SESSION OF 2012

 

COMMITTEE ON LABOR

Rep. Karl Rhoads, Chair

Rep. Kyle T. Yamashita, Vice Chair

 

COMMITTEE ON FINANCE

Rep. Marcus R. Oshiro, Chair

Rep. Marilyn B. Lee, Vice Chair

 

NOTICE OF INFORMATIONAL BRIEFING

 

DATE:

Friday, February 10, 2012

TIME:

3:00 PM – Completion

PLACE:

Conference Room 309

State Capitol

415 South Beretania Street

 

AGENDA

 

 

Budget and Finance – Employer Union Trust Fund (EUTF)

 

          Kalbert Young, Director, Department of Budget and Finance

          Luis Salaveria, Deputy Director, Department of Budget and Finance

 

                    Budget Director, Kalbert Young, and Deputy Director Salaveria have been invited by the Joint Committee to present information and discuss the following:

 

·             Governmental Accounting Standards Board (GASB) requirements under Other Post Employment Benefits (OPEB) and the employers' unfunded liability for the state;

·             Impact of the unfunded liability to the state and state finances; and

·             Issues and solutions to achieve full funding of the actuarially required contribution (ARC).

 

 

If you require special assistance or auxiliary aids and/or services to participate in the House public hearing process (i.e., sign or foreign language interpreter or wheelchair accessibility), please contact the Committee Clerk at 586-6200 or email your request for an interpreter to HouseInterpreter@Capitol.hawaii.gov at least 24 hours prior to the hearing for arrangements.  Prompt requests submitted help to ensure the availability of qualified individuals and appropriate accommodations.

 

For further information, please call the Committee Clerk at 586-6200.

 

Selected meetings are broadcast live.  Check the current legislative broadcast schedule on the "Capitol TV" Web site at www.capitoltv.org OR call 536-2100.

 

 

______________________________________

Rep. Karl Rhoads

Chair

 

_____________________________________

Rep. Marcus R. Oshiro

Chair