HI SB158

Requires the six-year program and financial plan and state budget to include detailed information on pension and other post-employment benefit (OPEB) liabilities.

Adds four new definitions to Hawaii Revised Statutes: "annual required contribution," "funded ratio," "funding period," and "unfunded actuarial accrued liability."

Mandates inclusion of unfunded actuarial accrued liability, funded ratio, funding period, and annual required contribution amounts in budget documents for public transparency.

Applies to the six-year program and financial plan, budget, and supplemental budget submitted to the legislature starting with the regular session of 2017.

Takes effect on July 1, 2016.