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HI HB2386

Bill

Official Source

Status

Introduced

1/23/2014

Primary Sponsor

Cindy Evans

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Adds new section to Chapter 88, Hawaii Revised Statutes requiring the Employees' Retirement System (ERS) board of trustees to submit an annual report to the director of finance.

  • Report must include funding status schedule, contribution schedule, cash flow projections for the next 60 years, actuarial assumptions, member statistics (retired, separated, and active), investment returns, unfunded liability elimination status, and current system cost.

  • Board of trustees must post all required report information on its website.

  • Takes effect July 1, 2014.

Legislative Description

ERS; B&F; Annual Report

Last Action

The committee(s) on FIN recommend(s) that the measure be deferred.

2/19/2014

Committee Referrals

Finance1/27/2014

Full Bill Text

No bill text available