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HI SB1023
Bill
Status
1/26/2009
Primary Sponsor
Colleen Hanabusa
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AI Summary
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Increases the board of trustees of the employees' retirement system from 8 to 12 members.
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Adds four county directors of finance as ex officio voting members: the directors of finance from the City and County of Honolulu and the counties of Hawai'i, Maui, and Kaua'i.
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Maintains existing board composition including the state director of finance, four elected system members (two general employees, one teacher, one retirant), and three appointed citizens (one with banking experience).
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Provides county representation to ensure the board considers county finances and workforce expertise when making retirement benefit decisions.
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Takes effect upon approval.
Legislative Description
Employees' Retirement System; Board of Trustees; Membership
Last Action
Carried over to 2010 Regular Session.
5/11/2009