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HI HB1802
Bill
Status
1/18/2012
Primary Sponsor
Calvin Say
Click for details
AI Summary
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Requires investment earnings, rate credits, reimbursements, and reserves of the Hawaii Employer-Union Health Benefits Trust Fund (EUTF) to be maintained in the fund or reinvested to amortize the unfunded actuarial accrued liability effective January 1, 2013
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Authorizes fund moneys to pay administrative expenses of the fund when approved by legislative appropriation
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Directs that once the unfunded actuarial accrued liability is fully amortized, investments and earnings shall be used to pay the employer's share of normal costs for retired employees' health benefits plans
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Permits the board to create separate funds within the EUTF for management purposes, with each subject to all chapter provisions
Legislative Description
Hawaii Employer-Union Health Benefits Trust Fund
Last Action
(H) The committee(s) on LAB recommend(s) that the measure be deferred.
2/10/2012