HI SB2813

Removes the mandatory time limit for the Employees' Retirement System (ERS) to sell real estate acquired through foreclosure, enforcement of security, or debt satisfaction.

Previously required ERS to sell non-leasehold real estate within 5 years (extendable by governor in 5-year increments) and leasehold interests within 1 year (extendable in 1-year increments).

Allows ERS to retain or dispose of acquired real estate in the same manner as other authorized real property investments, providing greater flexibility in managing foreclosed properties.

Amends Section 88-119 of the Hawaii Revised Statutes regarding investment authority of the ERS.