HI HB1187

Appropriates additional funds from the Employees' Retirement System Pension Trust (BUF141) for fiscal years 2019-2020 and 2020-2021 for various operational expenses (specific dollar amounts are blank in the bill).

Funds mandatory migration of the system's information technology infrastructure to the cloud and software maintenance.

Finances actuarial services required by Act 85, Session Laws of Hawaii 2017, and associated increased legal costs.

Authorizes one full-time permanent investment officer position to manage the system's $17,000,000,000 investment portfolio.

Establishes two full-time permanent retirement claims examiner positions and one temporary full-time information technology position, and funds an automated call distribution telephone system replacement.

Takes effect January 1, 2051.