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HI HB2313

Bill

Official Source

Status

Introduced

1/23/2020

Primary Sponsor

Scott Saiki

Click for details

Origin

House of Representatives

2020 Regular Session

AI Summary

  • Authorizes the Employees' Retirement System to make alternative investments beyond traditional stocks and bonds
  • Allows ERS to invest in private equity, real estate, hedge funds, and other non-traditional asset classes
  • Permits ERS to hire external investment managers and advisors to manage alternative investment portfolios
  • Requires the ERS Board to establish investment policies and risk management procedures for alternative investments
  • Enables diversification of the ERS investment portfolio to potentially improve long-term returns for members

Legislative Description

Relating To Employees' Retirement System Investments.

Employees' Retirement System

Last Action

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

2/6/2020

Committee Referrals

Labor & Public Employment1/27/2020

Full Bill Text

No bill text available