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HI SB1036

Bill

Official Source

Status

Passed

4/19/2013

Primary Sponsor

Donna Kim

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • Authorizes the Employees' Retirement System (ERS) Administrator to appoint one or more investment officers to the ERS investment office
  • Changes the title of the ERS Administrator to "Executive Director" to align with titles used by other state agencies
  • Aims to enhance ERS investment portfolio management by adding professional staff with expertise in investment management
  • Committee finds that additional investment officers would improve research, monitoring, and evaluation of the investment portfolio to reduce the ERS's unfunded liability
  • Received support from the Department of Budget and Finance and the ERS Board of Directors

Legislative Description

Employees' Retirement System; Personnel

Last Action

Act 023, 4/18/2013 (Gov. Msg. No. 1123).

4/19/2013

Committee Referrals

Finance3/22/2013
Labor & Public Employment3/7/2013
Judiciary and Labor1/24/2013

Full Bill Text

No bill text available