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HI HB1017

Bill

Official Source

Status

Introduced

1/25/2023

Primary Sponsor

Scott Saiki

Click for details

Origin

House of Representatives

2023 Regular Session

AI Summary

  • Excludes Medicare income-related monthly adjustment amounts (IRMAA) from State and county reimbursement for retired employees hired after June 30, 2023, and their spouses
  • Current retirees, vested terminated employees, and current employees are not affected by this change
  • Amends Section 87A-23, Hawaii Revised Statutes, to specify that IRMAA reimbursement applies only to employees hired before July 1, 2023
  • Estimated to reduce future state annual required contributions by $400 million over a thirty-year period
  • Takes effect upon approval

Legislative Description

Relating To The Hawaii Employer-union Health Benefits Trust Fund Medicare Part B Premium Reimbursement.

Last Action

Referred to LGO, FIN, referral sheet 3

1/30/2023

Committee Referrals

Labor & Government Operations1/30/2023

Full Bill Text

No bill text available