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HI HB1067
Bill
Status
1/25/2017
Primary Sponsor
Joseph Souki
Click for details
AI Summary
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Authorizes the Board of Trustees of the Employees' Retirement System to appoint investment professionals and investment officers under the chief investment officer's direction.
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Exempts investment officers, investment professionals, and investment specialists from Hawaii Revised Statutes chapters 76 and 89, removing them from civil service and collective bargaining requirements.
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Allows existing investment specialists in service on the effective date to elect irrevocably to remain subject to chapter 76 civil service protections.
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Effective date of July 1, 2050.
Legislative Description
Relating To Investment Personnel Of The Employees' Retirement System.
Employees' Retirement System
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) DeCoite, Holt, Souki excused (3).
2/16/2017