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HI SB2838

Bill

Official Source

Status

Passed

4/28/2016

Primary Sponsor

Ronald Kouchi

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Repeals specific restrictions on investment asset classes for the Hawaii Employer-Union Health Benefits Trust Fund, allowing it to invest in asset classes that mirror those of the Employees' Retirement System.

  • Amends section 87A-24 to broaden the fund's investment authority by removing subsection references that limited investment options to specific asset classes.

  • Allows the trust fund to manage growing contributions from state and county employers more effectively by accessing a wider range of investment options.

  • Takes effect upon approval of the Governor.

Legislative Description

Hawaii Employer-Union Health Benefits Trust Fund

Last Action

Act 030, 04/28/2016 (Gov. Msg. No. 1130).

4/28/2016

Committee Referrals

Finance3/22/2016
Labor & Public Employment3/10/2016
Ways and Means2/11/2016
Judiciary and Labor1/27/2016

Full Bill Text

No bill text available