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HI HR87
Resolution
Status
4/5/2023
Primary Sponsor
Kyle Yamashita
Click for details
AI Summary
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Requests the Department of Labor and Industrial Relations to research current actuarial data and population studies to create updated materials for assessing benefit amounts for dependent surviving spouses, children, parents, and grandparents under Hawaii's workers' compensation law.
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Department currently bases its calculations on an actuarial table created in 1963, which may no longer reflect current longevity and generational dependency trends after sixty years.
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Requires the department to deliver a report to legislative leadership and committee chairs no later than thirty days before the 2024 Regular Session convening, including research results and recommendations for revising weekly benefit amounts.
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Report must include recommendations for updating distinctions between wholly dependent and partially dependent beneficiaries and suggest necessary legislation for implementing adjustments.
Legislative Description
Requesting The Department Of Labor And Industrial Relations To Provide And Produce Updated Actuarial Studies Regarding The Lifespan Probabilities Of Surviving Dependent Beneficiaries For The Purpose Of Applying Hawaii's Workers' Compensation Law.
Workers' Compensation
Last Action
Resolution adopted in final form.
4/5/2023