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HI SB2765

Bill

Official Source

Status

Engrossed

3/6/2018

Primary Sponsor

Ronald Kouchi

Click for details

Origin

Senate

2018 Regular Session

AI Summary

  • Amends section 88-29.5 of Hawaii Revised Statutes to allow the Board of Trustees of the Employees' Retirement System to appoint investment professionals in addition to investment officers, all under the direction of the chief investment officer.

  • Exempts investment officers, investment professionals, and investment specialists from chapters 76 and 89 of Hawaii Revised Statutes, removing them from civil service and collective bargaining requirements.

  • Grandfathers existing investment specialists employed on the effective date of this Act, allowing them the option to remain subject to chapter 76 civil service protections if they choose.

  • Takes effect on January 1, 2050.

Legislative Description

Relating To Investment Personnel Of The Employees' Retirement System.

Employees' Retirement System

Last Action

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

4/4/2018

Committee Referrals

Finance3/23/2018
Labor & Public Employment3/8/2018
Ways and Means2/15/2018
Labor1/24/2018

Full Bill Text

No bill text available