HB 468 Summary

• Temporarily suspends the requirement for public employers to make annual required contributions to the Hawaii Employer-Union Health Benefits Trust Fund through fiscal year 2022-2023.

• Removes the requirement for the board to retain an actuary to determine annual required public employer contributions for the separate trust fund established under section 87A-42.

• Eliminates provisions requiring general excise tax revenues and transient accommodations tax revenues to be deposited into the trust fund to cover shortfalls between employer contributions and annual required contributions.

• Repeals sections 37B-3 (prepayment of other post-employment benefit liability) and 87A-43 (payment of public employer contributions to the trust fund).

• Takes effect July 1, 2021, and automatically repeals on June 30, 2023, restoring the prior statutory provisions regarding employer contributions.