HB2102 Summary

• Excludes Medicare Income Related Monthly Adjustment Amounts (IRMAA) from reimbursement by the State and counties for retired employees hired after June 30, 2022, and their spouses.

• Current retirees, vested terminated employees, and current employees are not impacted by this change.

• Estimated to reduce future state annual required contributions by $430,000,000 over a thirty-year period.

• Amends Hawaii Revised Statutes Section 87A-23 to exclude IRMAA reimbursement for new hires while maintaining Medicare Part B premium reimbursement.

• Effective date: December 25, 2040.