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HI HB1015
Bill
Status
1/25/2023
Primary Sponsor
Scott Saiki
Click for details
AI Summary
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Amends section 87A-24, Hawaii Revised Statutes, to authorize the board of trustees of the Hawaii Employer-Union Health Benefits Trust Fund to set salaries for the trust fund administrator and chief investment officer.
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Allows the board to establish compensation for upper-management personnel that is commensurate with private sector salaries to improve recruitment and retention of qualified managers.
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Models the amendment after section 88-29, Hawaii Revised Statutes, which grants similar salary-setting powers to the board of trustees of the Employees' Retirement System.
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Takes effect June 29, 2023, with provisions that amendments to section 87A-24 shall not be repealed when that section is reenacted on June 30, 2023.
Legislative Description
Relating To The Hawaii Employer-union Health Benefits Trust Fund.
Hawaii Employer-Union Health Benefits Trust Fund
Last Action
Referred to LGO, FIN, referral sheet 3
1/30/2023