THE TWENTY-SEVENTH LEGISLATURE
REGULAR SESSION OF 2013
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Senator David Y. Ige, Chair |
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Senator Michelle N. Kidani, Vice Chair |
NOTICE OF HEARING
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DATE: |
Wednesday, April 03, 2013 |
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TIME: |
10:00 a.m. |
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PLACE: |
Conference Room 211 State Capitol 415 South Beretania Street |
A G E N D A
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RELATING TO THE HAWAII EMPLOYER-UNION HEALTH BENEFITS TRUST FUND. Establishes the Hawaii employer-union health benefits trust fund task force within the department of budget and finance to examine the unfunded liability of the Hawaii employer-union health benefits trust fund. Makes an appropriation for the task force. (SD1)
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JDL, WAM |
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RELATING TO THE HAWAII EMPLOYER-UNION HEALTH BENEFITS TRUST FUND. Establishes the Hawaii employer-union health benefits trust fund task force within the department of budget and finance to examine the unfunded liability of the Hawaii employer-union health benefits trust fund. Makes an appropriation for the task force. Defines "public employer". Requires the EUTF to establish a separate trust fund for public employer contributions with separate accounts for each public employer. Requires the annual public employer contribution to be equal to the annual required public employer contribution, to be determined by a actuary commencing with FY 2018-2019. Requires the use of a portion of the general excise tax revenues to supplement deficient state public employer contribution amounts commencing with FY 2018-2019. Requires the use of a portion of the transient accommodations tax revenues to supplement deficient county public employer contribution amounts commencing with FY 2018-2019. Establishes a schedule to phase-in the annual required state public employer contribution requirement. Requires the director of finance to report to the legislature on an implementation plan to have both the EUTF and the ERS jointly sharing investment information and services for the benefit of the trust fund and to establish disbursement channels for county public employer contributions into the trust fund. (SD2 Proposed)
Copies of the proposed SD2 are available from the Senate Document Center and on the Legislature's website: www.capitol.hawaii.gov.
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JDL, WAM |
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Decision Making to follow, if time permits.
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FOR AMENDED NOTICES: Measures that have been deleted are stricken through and measures that have been added are underscored. If a measure is both underscored and stricken through, that measure has been deleted from the agenda.
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This hearing will be on Twitter: https://twitter.com/HI_Senate_WAM.
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_____________________________________ Senator David Y. Ige Chair |
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